Birchcliff Energy (TSE:BIR) PT Set at C$8.00 by Ventum Financial

Key Points

• Ventum Financial set Birchcliff Energy’s price target at C$8.00 and maintained a “neutral” rating, implying 17.82% potential upside from the previous close.
• Analyst sentiment remains cautious: Raymond James downgraded the stock to “hold,” while five analysts currently rate it “hold.” The consensus target is C$8.30.
• Birchcliff shares rose 1.6% to C$6.79, with the company reporting quarterly EPS of C$0.05 on C$193.41 million in revenue; analysts expect full-year EPS of C$0.11.

Birchcliff Energy (TSE:BIR - Get Free Report) received a C$8.00 price target from stock analysts at Ventum Financial in a report issued on Friday, BayStreet reports. The firm currently has a "neutral" rating on the oil and natural gas company's stock. Ventum Financial's price objective points to a potential upside of 17.82% from the stock's previous close.

A number of other equities analysts also recently weighed in on the company. Raymond James Financial downgraded Birchcliff Energy from a "moderate buy" rating to a "hold" rating and reduced their price target for the stock from C$8.50 to C$8.00 in a research report on Wednesday, September 16th. Scotiabank upgraded shares of Birchcliff Energy to a "hold" rating in a report on Friday, June 26th. Five analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$8.30.

Birchcliff Energy Stock Up 1.6%

Shares of BIR stock traded up C$0.11 on Friday, hitting C$6.79. 801,985 shares of the stock were exchanged, compared to its average volume of 1,440,920. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 24.38. The firm has a market capitalization of C$1.86 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 0.35 and a beta of -0.57. The business has a 50-day moving average of C$6.45 and a 200 day moving average of C$6.40. Birchcliff Energy has a fifty-two week low of C$5.72 and a fifty-two week high of C$8.19.

Birchcliff Energy (TSE:BIR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The oil and natural gas company reported C$0.05 earnings per share (EPS) for the quarter. Birchcliff Energy had a return on equity of 4.22% and a net margin of 13.31%. The business had revenue of C$193.41 million during the quarter. Equities analysts anticipate that Birchcliff Energy will post 0.11 EPS for the current year.

Birchcliff Energy Company Profile

Birchcliff is an intermediate oil and natural gas company based in Calgary, Alberta with operations focused on the exploration and development of the Montney Resource Play in Alberta. Birchcliff's common shares are listed for trading on the Toronto Stock Exchange under the symbol 'BIR'.

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