Birchcliff Energy (TSE:BIR – Get Free Report) was upgraded by stock analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.
Other equities research analysts have also recently issued research reports about the company. CIBC raised Birchcliff Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$7.00 to C$8.00 in a report on Thursday. National Bankshares set a C$8.00 target price on Birchcliff Energy and gave the company an “outperform” rating in a research note on Thursday. Scotiabank upgraded Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research report on Friday, January 17th. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised shares of Birchcliff Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$6.00 to C$7.00 in a report on Thursday. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$7.04.
Check Out Our Latest Stock Analysis on BIR
Birchcliff Energy Stock Up 0.2 %
Birchcliff Energy Company Profile
Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.
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