Birchcliff Energy Ltd. (BIR) Given Consensus Recommendation of “Buy” by Brokerages
Birchcliff Energy Ltd. (TSE:BIR) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$6.78.
A number of research analysts have weighed in on the stock. TD Securities raised their price objective on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research note on Thursday, May 10th. Canaccord Genuity dropped their price objective on shares of Birchcliff Energy from C$7.00 to C$6.50 in a research note on Tuesday, July 10th. Raymond James raised their price objective on shares of Birchcliff Energy from C$6.25 to C$6.75 in a research note on Thursday, July 5th. Finally, Royal Bank of Canada raised their price objective on shares of Birchcliff Energy from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, May 10th.
Shares of Birchcliff Energy stock traded down C$0.03 during trading hours on Wednesday, reaching C$5.11. The company’s stock had a trading volume of 365,208 shares, compared to its average volume of 2,050,156. Birchcliff Energy has a one year low of C$2.90 and a one year high of C$6.46.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.
Featured Story: What are the Different Types of Leveraged Buyouts?
Receive News & Ratings for Birchcliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birchcliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.