Birchcliff Energy (TSE:BIR - Get Free Report) was upgraded by Cibc World Mkts from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.
A number of other analysts also recently weighed in on the company. TD Securities upgraded Birchcliff Energy from a "hold" rating to a "buy" rating and increased their price objective for the company from C$5.50 to C$7.00 in a report on Thursday, January 30th. National Bank Financial upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Canaccord Genuity Group upgraded Birchcliff Energy from a "hold" rating to a "buy" rating and increased their price target for the stock from C$6.00 to C$7.00 in a report on Thursday, March 13th. Cormark upgraded Birchcliff Energy to a "strong-buy" rating in a report on Thursday, March 13th. Finally, National Bankshares set a C$8.00 price target on Birchcliff Energy and gave the stock an "outperform" rating in a report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Birchcliff Energy has a consensus rating of "Buy" and an average target price of C$7.04.
Check Out Our Latest Report on BIR
Birchcliff Energy Trading Up 5.9 %
TSE BIR traded up C$0.35 on Thursday, reaching C$6.27. The company had a trading volume of 2,846,969 shares, compared to its average volume of 1,319,812. The firm has a market cap of C$1.70 billion, a price-to-earnings ratio of 109.82, a P/E/G ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a fifty-two week low of C$4.53 and a fifty-two week high of C$6.54. The business has a 50 day moving average of C$5.73 and a two-hundred day moving average of C$5.51. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97.
About Birchcliff Energy
(
Get Free Report)
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.
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