BMO Capital Markets cut shares of Birchcliff Energy (TSE:BIR) from an outperform rating to a market perform rating in a research note published on Thursday, January 11th. The brokerage currently has C$4.00 target price on the oil and natural gas company’s stock, down from their previous target price of C$7.50.
Several other equities research analysts also recently weighed in on BIR. Laurentian Bank of Canada increased their price target on Birchcliff Energy from C$9.00 to C$10.00 in a report on Friday, October 6th. Laurentian dropped their price objective on Birchcliff Energy from C$10.00 to C$9.00 in a research note on Friday, October 6th. Raymond James Financial dropped their price objective on Birchcliff Energy from C$10.00 to C$9.50 and set an outperform rating on the stock in a research note on Thursday, November 9th. Finally, National Bank Financial dropped their target price on Birchcliff Energy from C$8.00 to C$7.00 and set an outperform rating on the stock in a research report on Tuesday, January 9th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of C$9.33.
Birchcliff Energy (TSE:BIR) traded down C$0.04 during trading hours on Thursday, hitting C$3.36. The company had a trading volume of 1,306,800 shares, compared to its average volume of 2,480,000. The stock has a market capitalization of $889.65, a P/E ratio of -13.44 and a beta of 0.18. Birchcliff Energy has a 12 month low of C$3.16 and a 12 month high of C$8.37.
Birchcliff Energy (TSE:BIR) last issued its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.02). Birchcliff Energy had a negative net margin of 112.10% and a negative return on equity of 28.79%. The company had revenue of C$111.49 million for the quarter, compared to analysts’ expectations of C$131.75 million.
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Birchcliff Energy Company Profile
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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