Birchcliff Energy (TSE:BIR) Upgraded to Strong-Buy at Cibc World Mkts

Birchcliff Energy (TSE:BIRGet Free Report) was upgraded by equities research analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research firms also recently weighed in on BIR. CIBC upgraded shares of Birchcliff Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$7.00 to C$8.00 in a research report on Thursday. Canaccord Genuity Group dropped their price objective on Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Canaccord Genuity Group raised Birchcliff Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$6.00 to C$7.00 in a report on Thursday. Scotiabank raised Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, January 17th. Finally, National Bankshares set a C$8.00 price objective on shares of Birchcliff Energy and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Birchcliff Energy currently has a consensus rating of “Buy” and a consensus target price of C$7.04.

Read Our Latest Report on BIR

Birchcliff Energy Price Performance

Shares of Birchcliff Energy stock opened at C$5.74 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63. The stock has a market capitalization of C$1.56 billion, a price-to-earnings ratio of 100.54, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a twelve month low of C$4.53 and a twelve month high of C$6.54. The company has a 50-day simple moving average of C$5.71 and a two-hundred day simple moving average of C$5.52.

About Birchcliff Energy

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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.