Birchcliff Energy (BIR) Downgraded by BMO Capital Markets
BMO Capital Markets downgraded shares of Birchcliff Energy (TSE:BIR) from an outperform rating to a market perform rating in a report released on Thursday. They currently have C$4.00 price target on the oil and natural gas company’s stock, down from their prior price target of C$7.50.
Other equities analysts have also recently issued reports about the stock. Laurentian lowered their price target on shares of Birchcliff Energy from C$10.00 to C$9.00 in a research note on Friday, October 6th. Laurentian Bank of Canada upped their price target on shares of Birchcliff Energy from C$9.00 to C$10.00 in a research note on Friday, October 6th. National Bank Financial lowered their price target on shares of Birchcliff Energy from C$8.00 to C$7.00 and set an outperform rating on the stock in a research note on Tuesday, January 9th. Finally, Raymond James Financial lowered their price target on shares of Birchcliff Energy from C$10.00 to C$9.50 and set an outperform rating on the stock in a research note on Thursday, November 9th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of C$9.93.
Birchcliff Energy (TSE:BIR) opened at C$3.58 on Thursday. Birchcliff Energy has a 12 month low of C$3.56 and a 12 month high of C$8.91. The stock has a market cap of $951.52, a price-to-earnings ratio of -14.32 and a beta of 0.39.
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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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