Birchcliff Energy (TSE:BIR) had its target price decreased by stock analysts at National Bank Financial from C$8.00 to C$7.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “outperform” rating on the oil and natural gas company’s stock. National Bank Financial’s price target would indicate a potential upside of 89.70% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Laurentian cut their price target on shares of Birchcliff Energy from C$10.00 to C$9.00 in a research report on Friday, October 6th. Laurentian Bank of Canada increased their price target on shares of Birchcliff Energy from C$9.00 to C$10.00 in a research report on Friday, October 6th. Finally, Raymond James Financial cut their price target on shares of Birchcliff Energy from C$10.00 to C$9.50 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$10.58.
Shares of Birchcliff Energy (TSE BIR) opened at C$3.69 on Tuesday. The firm has a market cap of $986.82, a P/E ratio of -14.76 and a beta of 0.39. Birchcliff Energy has a 52-week low of C$3.67 and a 52-week high of C$8.91.
About Birchcliff Energy
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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