Birchcliff Energy (TSE:BIR) Upgraded at National Bankshares

Birchcliff Energy (TSE:BIR - Get Free Report) was upgraded by stock analysts at National Bankshares from a "sector perform" rating to an "outperform" rating in a report issued on Thursday,BayStreet.CA reports. The firm presently has a C$8.00 price target on the oil and natural gas company's stock, up from their prior price target of C$6.00. National Bankshares' price objective would suggest a potential upside of 38.41% from the company's previous close.

Several other research firms have also recently weighed in on BIR. CIBC boosted their price objective on Birchcliff Energy from C$5.75 to C$6.00 in a research report on Friday, January 17th. Scotiabank upgraded Birchcliff Energy from a "sector perform" rating to an "outperform" rating in a report on Friday, January 17th. TD Securities upgraded shares of Birchcliff Energy from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$5.50 to C$7.00 in a research note on Thursday. National Bank Financial raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity Group reduced their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$6.82.

Birchcliff Energy Stock Performance

Shares of BIR stock traded up C$0.07 during trading on Thursday, reaching C$5.78. The company had a trading volume of 903,116 shares, compared to its average volume of 1,107,243. The firm's 50 day simple moving average is C$5.39 and its two-hundred day simple moving average is C$5.60. Birchcliff Energy has a one year low of C$4.53 and a one year high of C$6.54. 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 company has a market capitalization of C$1.56 billion, a PE ratio of 36.13, a PEG ratio of 0.35 and a beta of 1.93.

Insider Transactions at Birchcliff Energy

In other news, Director Aaron Jeffery Tonken sold 200,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$5.53, for a total transaction of C$1,106,000.00. Also, Senior Officer Hue Tran sold 31,400 shares of Birchcliff Energy stock in a transaction on 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.