Birchcliff Energy Ltd. (TSE:BIR) – Equities researchers at Cormark lifted their FY2016 EPS estimates for shares of Birchcliff Energy in a research note issued on Thursday. Cormark analyst G. Ursu now forecasts that the brokerage will earn ($0.14) per share for the year, up from their prior forecast of ($0.16).

Other equities analysts have also issued reports about the stock. Scotiabank reaffirmed a “focus stock” rating and issued a C$12.00 price target on shares of Birchcliff Energy in a report on Thursday, August 11th. Raymond James Financial Inc. lifted their price target on shares of Birchcliff Energy from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. Canaccord Genuity lifted their price target on shares of Birchcliff Energy from C$11.50 to C$12.00 in a report on Monday, July 25th. Royal Bank Of Canada cut their price target on shares of Birchcliff Energy from C$11.00 to C$9.00 in a report on Friday, August 12th. Finally, RBC Capital Markets lifted their price target on shares of Birchcliff Energy from C$9.00 to C$11.00 in a report on Thursday, August 11th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$10.35.

Earnings History and Estimates for Birchcliff Energy (TSE:BIR)

Birchcliff Energy (TSE:BIR) opened at 8.60 on Monday. The company has a 50-day moving average price of $9.00 and a 200-day moving average price of $7.86. The company’s market capitalization is $2.26 billion. Birchcliff Energy has a one year low of $2.85 and a one year high of $9.97.

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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