Birchcliff Energy (TSE:BIR - Get Free Report) was upgraded by equities research analysts at Raymond James to a "moderate buy" rating in a research note issued to investors on Monday, April 7th,Zacks.com reports.
Several other equities analysts also recently commented on BIR. National Bankshares set a C$8.00 price target on shares of Birchcliff Energy and gave the company an "outperform" rating in a research note on Thursday, March 13th. National Bank Financial upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Scotiabank upgraded Birchcliff Energy from a "sector perform" rating to an "outperform" rating in a research report on Friday, January 17th. TD Securities upgraded Birchcliff Energy from a "hold" rating to a "buy" rating and raised their price target for the stock from C$5.50 to C$7.00 in a research report on Thursday, January 30th. Finally, Cibc World Mkts raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Birchcliff Energy has a consensus rating of "Buy" and an average price target of C$7.09.
View Our Latest Stock Analysis on BIR
Birchcliff Energy Stock Performance
TSE:BIR remained flat at C$5.64 on Monday. The company's stock had a trading volume of 213,565 shares, compared to its average volume of 1,471,741. Birchcliff Energy has a 12-month low of C$4.53 and a 12-month high of C$6.95. The company has a market cap of C$1.53 billion, a price-to-earnings ratio of 98.79, a P/E/G ratio of 0.35 and a beta of 1.93. The firm has a 50 day moving average of C$5.88 and a two-hundred day moving average of C$5.57. The company has a debt-to-equity ratio of 27.63, a current ratio of 1.01 and a quick ratio of 0.97.
Insider Activity at Birchcliff Energy
In other news, Senior Officer Hue Tran sold 30,000 shares of Birchcliff Energy stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$6.30, for a total value of C$189,000.00. 1.55% of the stock is currently owned by company insiders.
About Birchcliff Energy
(
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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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