Birchcliff Energy (TSE:BIR) Upgraded by National Bankshares to Outperform Rating

Birchcliff Energy (TSE:BIR) was upgraded by analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a C$8.00 price target on the oil and natural gas company’s stock, up from their prior price target of C$6.00. National Bankshares’ target price would indicate a potential upside of 40.11% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. TD Securities raised Birchcliff Energy from a “hold” rating to a “buy” rating and upped their price target for the company from C$5.50 to C$7.00 in a research note on Thursday. Canaccord Genuity Group cut their target price on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research report on Friday, November 15th. CIBC lifted their price target on shares of Birchcliff Energy from C$5.75 to C$6.00 in a research report on Friday, January 17th. Scotiabank raised shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, January 17th. Finally, National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$6.82.

Birchcliff Energy Stock Performance

BIR stock opened at C$5.71 on Thursday. The company has a 50 day moving average price of C$5.39 and a 200 day moving average price of C$5.60. Birchcliff Energy has a fifty-two week low of C$4.53 and a fifty-two week high of C$6.54. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97. The stock has a market capitalization of C$1.54 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93.

Insider Activity at Birchcliff Energy

In other Birchcliff Energy news, Director Aaron Jeffery Tonken sold 200,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total value of C$1,106,000.00. Also, Senior Officer Hue Tran sold 28,600 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$5.10, for a total value of C$145,860.00. Over the last 90 days, insiders sold 260,000 shares of company stock worth $1,409,488. 1.55% of the stock is currently owned by company insiders.

Birchcliff Energy Company Profile

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.