Birchcliff Energy (TSE:BIR) Upgraded by National Bank Financial to Strong-Buy Rating

Birchcliff Energy (TSE:BIR) was upgraded by analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages also recently issued reports on BIR. TD Securities lowered their price objective on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Canaccord Genuity Group decreased their target price on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. Scotiabank upgraded shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, January 17th. National Bankshares dropped their target price on Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Finally, CIBC upped their target price on Birchcliff Energy from C$5.75 to C$6.00 in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$6.25.

Birchcliff Energy Trading Up 4.5 %

BIR opened at C$6.08 on Wednesday. The firm’s fifty day moving average is C$5.29 and its two-hundred day moving average is C$5.61. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. The firm has a market cap of C$1.64 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a twelve month low of C$4.53 and a twelve month high of C$6.54.

Insider Transactions at Birchcliff Energy

In other news, Director Aaron Jeffery Tonken sold 200,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total value of C$1,106,000.00. Also, Senior Officer Hue Tran sold 31,400 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$5.02, for a total value of C$157,628.00. In the last ninety days, insiders sold 260,000 shares of company stock valued at $1,409,488. Corporate insiders own 1.55% of the company’s stock.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.