Canaccord Genuity Group Has Lowered Expectations for Birchcliff Energy (TSE:BIR) Stock Price

Birchcliff Energy (TSE:BIR) had its price objective decreased by Canaccord Genuity Group from C$6.00 to C$5.75 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 16.40% from the stock’s current price.

A number of other analysts have also commented on BIR. TD Securities decreased their price target on shares of Birchcliff Energy from C$5.50 to C$5.00 in a research note on Tuesday, October 1st. National Bankshares decreased their price target on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Scotiabank cut their target price on Birchcliff Energy from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$6.45.

Birchcliff Energy Stock Performance

TSE:BIR opened at C$4.94 on Friday. The company has a fifty day moving average of C$5.47 and a 200-day moving average of C$5.79. The firm has a market capitalization of C$1.33 billion, a P/E ratio of 30.88, a P/E/G ratio of 0.35 and a beta of 1.93. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. Birchcliff Energy has a twelve month low of C$4.61 and a twelve month high of C$7.01.

Birchcliff Energy (TSE:BIR) last released its quarterly earnings data on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share for the quarter, beating the consensus estimate of C($0.01) by C$0.18. The company had revenue of C$146.98 million during the quarter. Birchcliff Energy had a net margin of 6.24% and a return on equity of 1.81%. As a group, sell-side analysts anticipate that Birchcliff Energy will post 0.1118631 EPS for the current year.

Birchcliff Energy Company Profile

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.