Raymond James Financial Inc. Increases Birchcliff Energy Ltd. (BIR) Price Target to C$12.00
Birchcliff Energy Ltd. (TSE:BIR) had its target price hoisted by stock analysts at Raymond James Financial Inc. from C$11.00 to C$12.00 in a report released on Thursday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial Inc.’s price target would suggest a potential upside of 45.10% from the stock’s current price.
Other research analysts also recently issued reports about the company. Royal Bank Of Canada upped their price target on Birchcliff Energy from C$11.00 to C$12.00 in a report on Thursday, October 13th. RBC Capital Markets upped their price objective on Birchcliff Energy from C$11.00 to C$12.00 in a research report on Thursday, October 13th. CIBC upped their price objective on Birchcliff Energy from C$7.00 to C$10.00 in a research report on Thursday, July 14th. Canaccord Genuity upped their price objective on Birchcliff Energy from C$11.50 to C$12.00 in a research report on Monday, July 25th. Finally, TD Securities reduced their price objective on Birchcliff Energy from C$12.00 to C$5.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Birchcliff Energy presently has a consensus rating of “Buy” and a consensus target price of C$10.35.
Shares of Birchcliff Energy (TSE:BIR) opened at 8.27 on Thursday. Birchcliff Energy has a 12 month low of $2.85 and a 12 month high of $9.97. The stock’s 50 day moving average price is $9.00 and its 200-day moving average price is $7.80. The company’s market cap is $1.90 billion.
About Birchcliff Energy
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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