Birchcliff Energy (TSE:BIR) Given a C$8.00 Price Target by National Bankshares Analysts

Birchcliff Energy (TSE:BIR) has been given a C$8.00 target price by National Bankshares in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the oil and natural gas company’s stock. National Bankshares’ target price suggests a potential upside of 39.37% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. National Bank Financial upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. TD Securities upgraded shares of Birchcliff Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from C$5.50 to C$7.00 in a research note on Thursday, January 30th. Scotiabank upgraded shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, January 17th. Canaccord Genuity Group cut their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. Finally, CIBC upgraded shares of Birchcliff Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$7.00 to C$8.00 in a research note on Thursday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Birchcliff Energy presently has a consensus rating of “Buy” and an average target price of C$7.04.

Birchcliff Energy Stock Up 0.2 %

TSE BIR opened at C$5.74 on Thursday. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. The firm has a 50-day simple moving average of C$5.71 and a 200 day simple moving average of C$5.52. Birchcliff Energy has a twelve month low of C$4.53 and a twelve month high of C$6.54. The stock has a market cap of C$1.56 billion, a PE ratio of 100.54, a PEG ratio of 0.35 and a beta of 1.93.

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.