Birchcliff Energy (TSE:BIR) PT Lowered to C$6.00

Birchcliff Energy (TSE:BIR) had its price target dropped by stock analysts at Canaccord Genuity Group from C$6.50 to C$6.00 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 13.42% from the stock’s previous close.

BIR has been the subject of a number of other research reports. BMO Capital Markets lifted their price objective on Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a report on Monday, September 23rd. National Bankshares dropped their price objective on Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Scotiabank cut their price objective on shares of Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Finally, TD Securities decreased their target price on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$6.48.

Birchcliff Energy Price Performance

TSE BIR opened at C$5.29 on Tuesday. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97. The firm has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The company has a 50 day simple moving average of C$5.74 and a 200-day simple moving average of C$5.82. Birchcliff Energy has a 52-week low of C$4.61 and a 52-week high of C$8.11.

Birchcliff Energy (TSE:BIR) last released its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.18. The company had revenue of C$146.98 million during the quarter. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. Equities research analysts predict that Birchcliff Energy will post 0.1118631 earnings per share for the current fiscal year.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.