Birchcliff Energy (TSE:BIR) had its target price trimmed by TD Securities from C$7.50 to C$7.00 in a research report report published on Friday morning. The firm currently has an action list buy rating on the oil and natural gas company’s stock.
BIR has been the topic of several other research reports. Canaccord Genuity dropped their target price on shares of Birchcliff Energy from C$6.50 to C$4.25 in a research note on Thursday, January 10th. GMP Securities dropped their target price on shares of Birchcliff Energy from C$7.25 to C$6.25 in a research note on Friday, November 16th. Raymond James dropped their target price on shares of Birchcliff Energy from C$7.25 to C$7.00 in a research note on Wednesday, January 9th. Royal Bank of Canada dropped their target price on shares of Birchcliff Energy from C$6.00 to C$4.00 in a research note on Tuesday, January 8th. Finally, Eight Capital upped their target price on shares of Birchcliff Energy from C$4.50 to C$4.75 in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$6.15.
Get Birchcliff Energy alerts:Shares of TSE BIR opened at C$3.55 on Friday. The company has a market capitalization of $943.98 million and a PE ratio of 18.21. Birchcliff Energy has a 52-week low of C$2.57 and a 52-week high of C$5.45. The company has a debt-to-equity ratio of 40.06, a quick ratio of 0.68 and a current ratio of 0.86.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.
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