Birchcliff Energy (OTCMKTS:BIREF) PT Raised to C$8.00 at Stifel Nicolaus

Birchcliff Energy (OTCMKTS:BIREF) had its price objective boosted by stock analysts at Stifel Nicolaus from C$6.75 to C$8.00 in a research note issued on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the stock.

BIREF has been the topic of a number of other research reports. CIBC increased their target price on Birchcliff Energy from C$5.75 to C$6.50 and gave the stock an “outperform” rating in a research note on Wednesday, July 14th. Royal Bank of Canada increased their target price on Birchcliff Energy from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, August 12th. Raymond James increased their target price on Birchcliff Energy from C$6.50 to C$6.75 and gave the stock an “outperform” rating in a research note on Thursday, August 12th. Canaccord Genuity increased their price target on Birchcliff Energy from C$6.50 to C$8.00 and gave the stock a “buy” rating in a research report on Wednesday, September 15th. Finally, Scotiabank increased their price target on Birchcliff Energy from C$5.00 to C$8.00 and gave the stock an “outperform” rating in a research report on Thursday, July 15th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $6.59.

OTCMKTS:BIREF opened at $5.19 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $4.21 and its two-hundred day moving average price is $3.35. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 19.96 and a beta of 0.57. Birchcliff Energy has a 12-month low of $1.09 and a 12-month high of $5.43.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings data on Wednesday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $157.64 million for the quarter. Birchcliff Energy had a return on equity of 5.07% and a net margin of 13.77%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. engages in the exploration, development, production, and acquisition of petroleum and natural gas reserves. Its properties include Peace River Arch and Montney/Doig Resource Play. The company was founded by Myles R. Bosman, Gordon W. Cameron, Bruno P. Geremia, Laurence A. Shaw, Werner A.

Featured Story: What are the disadvantages of after-hours trading?

The Fly logo

Analyst Recommendations for Birchcliff Energy (OTCMKTS:BIREF)

Receive News & Ratings for Birchcliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birchcliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.