Birchcliff Energy (TSE:BIR) PT Lowered to C$6.00

Birchcliff Energy (TSE:BIR) had its price objective reduced by research analysts at National Bankshares from C$6.50 to C$6.00 in a research report issued on Friday, BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 8.70% from the stock’s current price.

A number of other research analysts also recently issued reports on BIR. Scotiabank boosted their target price on shares of Birchcliff Energy from C$7.00 to C$7.50 in a research report on Friday, July 12th. BMO Capital Markets boosted their target price on Birchcliff Energy from C$6.00 to C$6.50 in a research report on Wednesday, July 3rd. Canaccord Genuity Group raised their price objective on Birchcliff Energy from C$6.00 to C$6.50 in a research note on Thursday, August 15th. Finally, Cormark raised Birchcliff Energy to a “strong-buy” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Birchcliff Energy currently has an average rating of “Hold” and an average price target of C$6.63.

Birchcliff Energy Trading Up 1.7 %

BIR stock traded up C$0.09 during midday trading on Friday, hitting C$5.52. The stock had a trading volume of 600,590 shares, compared to its average volume of 1,302,057. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. The firm has a market cap of C$1.49 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 0.35 and a beta of 1.95. The business has a fifty day moving average price of C$5.88 and a two-hundred day moving average price of C$5.81. Birchcliff Energy has a 1-year low of C$4.61 and a 1-year high of C$8.11.

Birchcliff Energy (TSE:BIR) last released its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 EPS for the quarter, topping the consensus estimate of C($0.01) by C$0.18. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. The business had revenue of C$146.98 million during the quarter. On average, sell-side analysts predict that Birchcliff Energy will post 0.106975 earnings per share for the current fiscal year.

Insider Buying and Selling at Birchcliff Energy

In other news, Senior Officer Hue Tran sold 30,000 shares of the firm’s stock in a transaction on Thursday, July 4th. The stock was sold at an average price of C$6.32, for a total value of C$189,609.00. Insiders own 1.55% of the company’s stock.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.