Birchcliff Energy (TSE:BIR) Stock Price Expected to Rise, CIBC Analyst Says

Birchcliff Energy (TSE:BIR - Get Free Report) had its price target hoisted by research analysts at CIBC from C$5.75 to C$6.00 in a report issued on Friday,BayStreet.CA reports. CIBC's price objective suggests a potential upside of 3.63% from the company's current price.

A number of other equities research analysts have also recently issued reports on the stock. Scotiabank raised shares of Birchcliff Energy from a "sector perform" rating to an "outperform" rating in a research note on Friday. TD Securities cut their price target on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research report on Tuesday, October 1st. Cormark upgraded Birchcliff Energy to a "strong-buy" rating in a report on Monday, September 23rd. Canaccord Genuity Group dropped their target price on Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Finally, National Bankshares reduced their price target on Birchcliff Energy from C$6.50 to C$6.00 in a research report on Friday, September 27th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$6.48.

Birchcliff Energy Price Performance

TSE:BIR traded up C$0.19 during mid-day trading on Friday, reaching C$5.79. The stock had a trading volume of 1,185,236 shares, compared to its average volume of 935,334. The stock has a market capitalization of C$1.56 billion, a P/E ratio of 36.19, a P/E/G ratio of 0.35 and a beta of 1.93. The firm has a 50 day moving average price of C$5.25 and a two-hundred day moving average price of 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. Birchcliff Energy has a one year low of C$4.53 and a one year high of C$6.54.

Insider Buying and Selling at Birchcliff Energy

In related news, Director Aaron Jeffery Tonken sold 200,000 shares of Birchcliff Energy stock in a transaction that occurred on Friday, November 22nd. The stock was 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 28,600 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$5.10, for a total value of C$145,860.00. In the last ninety days, insiders have sold 260,000 shares of company stock valued at $1,409,488. 1.55% of the stock is currently owned by company insiders.

About Birchcliff Energy

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.