Birchcliff Energy Ltd. (TSE:BIR) – Equities researchers at Beacon Securities boosted their Q1 2017 EPS estimates for shares of Birchcliff Energy in a research report issued to clients and investors on Thursday. Beacon Securities analyst L. Dunkley now anticipates that the firm will earn $0.07 per share for the quarter, up from their prior estimate of $0.05. Beacon Securities also issued estimates for Birchcliff Energy’s Q2 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.14 EPS and FY2017 earnings at $0.37 EPS.

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

BIR has been the topic of several other reports. Royal Bank Of Canada boosted their target price on shares of Birchcliff Energy from C$11.00 to C$12.00 in a report on Thursday, October 13th. Scotiabank restated a “focus stock” rating and issued a C$12.00 price objective on shares of Birchcliff Energy in a report on Monday, August 22nd. RBC Capital Markets upped their price objective on shares of Birchcliff Energy from C$11.00 to C$12.00 in a report on Thursday, October 13th. CIBC upped their price objective on shares of Birchcliff Energy from C$10.00 to C$11.50 in a report on Wednesday, July 20th. Finally, TD Securities upped their price objective on shares of Birchcliff Energy from C$12.50 to C$13.50 and gave the stock a “buy” rating in a report on Thursday, November 10th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Birchcliff Energy presently has an average rating of “Buy” and a consensus price target of C$10.35.

Shares of Birchcliff Energy (TSE:BIR) opened at 8.86 on Monday. Birchcliff Energy has a 52 week low of $2.85 and a 52 week high of $9.97. The firm has a 50-day moving average of $9.01 and a 200 day moving average of $7.89. The firm’s market capitalization is $2.33 billion.

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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