Birchcliff Energy (TSE:BIR) PT Raised to C$6.00 at BMO Capital Markets

Birchcliff Energy (TSE:BIR - Get Free Report) had its target price increased by stock analysts at BMO Capital Markets from C$5.50 to C$6.00 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets' price objective suggests a potential downside of 0.33% from the stock's current price.

A number of other equities research analysts have also recently commented on BIR. Stifel Nicolaus decreased their price target on Birchcliff Energy from C$6.50 to C$5.00 and set a "hold" rating on the stock in a report on Thursday, January 18th. Raymond James lowered shares of Birchcliff Energy from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from C$11.50 to C$9.00 in a research report on Friday, January 19th. ATB Capital decreased their price target on shares of Birchcliff Energy from C$8.00 to C$7.50 in a research note on Thursday, February 15th. Canaccord Genuity Group raised their price objective on Birchcliff Energy from C$5.25 to C$5.50 and gave the company a "hold" rating in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada dropped their price target on Birchcliff Energy from C$8.00 to C$7.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of C$6.42.

Birchcliff Energy Stock Performance

Birchcliff Energy stock traded up C$0.15 during trading on Thursday, reaching C$6.02. The company had a trading volume of 1,590,387 shares, compared to its average volume of 1,500,878. The firm has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 150.50, a price-to-earnings-growth ratio of 0.35 and a beta of 2.01. The company has a current ratio of 0.91, a quick ratio of 0.97 and a debt-to-equity ratio of 17.29. The firm's 50-day simple moving average is C$5.52 and its 200 day simple moving average is C$5.83. Birchcliff Energy has a 52 week low of C$4.61 and a 52 week high of C$8.68.

Birchcliff Energy (TSE:BIR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.09). The company had revenue of C$183.30 million during the quarter. Birchcliff Energy had a return on equity of 0.42% and a net margin of 1.40%. Sell-side analysts forecast that Birchcliff Energy will post 0.0897456 earnings per share for the current fiscal year.

Insider Transactions at Birchcliff Energy

In other news, Senior Officer Christopher Andrew Carlsen sold 200,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of C$5.00, for a total value of C$1,000,000.00. Company insiders own 1.56% of the company's stock.

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.