Birchcliff Energy (TSE:BIR) Price Target Cut to C$5.00

Birchcliff Energy (TSE:BIR) had its price objective lowered by equities researchers at TD Securities from C$5.50 to C$5.00 in a note issued to investors on Tuesday, BayStreet.CA reports. TD Securities’ price target would suggest a potential downside of 13.04% from the stock’s previous close.

A number of other analysts also recently weighed in on BIR. National Bankshares reduced their target price on shares of Birchcliff Energy from C$6.50 to C$6.00 in a report on Friday, September 27th. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd. BMO Capital Markets lifted their target price on Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, July 3rd. Scotiabank increased their price target on Birchcliff Energy from C$7.00 to C$7.50 in a report on Friday, July 12th. Finally, Canaccord Genuity Group lifted their price objective on shares of Birchcliff Energy from C$6.00 to C$6.50 in a research note on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Birchcliff Energy currently has an average rating of “Hold” and an average price target of C$6.58.

Birchcliff Energy Price Performance

Shares of Birchcliff Energy stock opened at C$5.75 on Tuesday. The firm has a market cap of C$1.55 billion, a PE ratio of 35.81, a PEG ratio of 0.35 and a beta of 1.95. The stock has a 50 day moving average of C$5.83 and a 200 day moving average of C$5.81. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. Birchcliff Energy has a 12 month low of C$4.61 and a 12 month high of C$8.11.

Birchcliff Energy (TSE:BIR) last posted its earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$146.98 million during the quarter. On average, research analysts expect that Birchcliff Energy will post 0.106975 EPS for the current fiscal year.

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.