TD Securities Increases Birchcliff Energy Ltd. (BIR) Price Target to C$13.50
Birchcliff Energy Ltd. (TSE:BIR) had its price objective lifted by stock analysts at TD Securities from C$12.50 to C$13.50 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 63.24% from the stock’s previous close.
A number of other research analysts have also commented on BIR. Royal Bank Of Canada raised their price objective on shares of Birchcliff Energy from C$8.00 to C$9.00 in a research note on Thursday, July 14th. Canaccord Genuity raised their price objective on shares of Birchcliff Energy from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James Financial Inc. raised their price objective on shares of Birchcliff Energy from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Thursday. RBC Capital Markets raised their price objective on shares of Birchcliff Energy from C$9.00 to C$11.00 in a research note on Thursday, August 11th. Finally, CIBC raised their price objective on shares of Birchcliff Energy from C$10.00 to C$11.50 in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$10.35.
Shares of Birchcliff Energy (TSE:BIR) opened at 8.27 on Thursday. Birchcliff Energy has a 1-year low of $2.85 and a 1-year high of $9.97. The stock’s market capitalization is $1.90 billion. The firm has a 50-day moving average of $9.00 and a 200 day moving average of $7.80.
Birchcliff Energy Company Profile
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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