Birchcliff Energy Ltd. (TSE:BIR) has been assigned a consensus rating of “Buy” from the eleven analysts that are currently covering the stock. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$10.35.

Several research analysts have weighed in on the company. Raymond James Financial Inc. boosted their price objective on Birchcliff Energy from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Scotiabank reissued a “focus stock” rating and issued a C$12.00 price objective on shares of Birchcliff Energy in a research report on Thursday, November 10th. TD Securities boosted their price objective on Birchcliff Energy from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Thursday, August 11th. RBC Capital Markets boosted their price objective on Birchcliff Energy from C$9.00 to C$11.00 in a research report on Thursday, August 11th. Finally, Canaccord Genuity boosted their price objective on Birchcliff Energy from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, November 10th.

Shares of Birchcliff Energy (TSE:BIR) traded up 1.02% on Wednesday, hitting $8.88. The company had a trading volume of 428,508 shares. The company has a 50 day moving average price of $8.96 and a 200 day moving average price of $8.02. The firm’s market capitalization is $2.34 billion. Birchcliff Energy has a 1-year low of $2.85 and a 1-year high of $9.97.

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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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