Shares of Birchcliff Energy Ltd. (TSE:BIR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$4.77 and last traded at C$4.77, with a volume of 1338500 shares trading hands. The stock had previously closed at C$4.52.
BIR has been the topic of several research reports. CIBC boosted their target price on Birchcliff Energy from C$5.00 to C$6.00 in a research note on Tuesday, March 20th. Raymond James lowered their target price on Birchcliff Energy from C$6.25 to C$5.25 in a research note on Monday, February 5th. BMO Capital Markets boosted their target price on Birchcliff Energy from C$3.50 to C$4.00 and gave the company a “market perform” rating in a research note on Wednesday, April 4th. Royal Bank of Canada lowered their target price on Birchcliff Energy from C$7.00 to C$5.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, TD Securities upgraded Birchcliff Energy from a “buy” rating to an “action list buy” rating and lowered their target price for the company from C$8.50 to C$6.00 in a research note on Thursday, March 22nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$6.78.
Birchcliff Energy (TSE:BIR) last released its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported C$0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.06). 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$166.15 million for the quarter, compared to the consensus estimate of C$175.40 million.
In related news, insider David Humphreys acquired 16,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were bought at an average cost of C$3.04 per share, for a total transaction of C$48,640.00. Over the last quarter, insiders have purchased 36,325 shares of company stock worth $163,534.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.
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