Birchcliff Energy (TSE:BIR) PT Raised to C$7.50

Birchcliff Energy (TSE:BIR) had its target price increased by stock analysts at Scotiabank from C$7.00 to C$7.50 in a research note issued on Friday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 17.37% from the company’s current price.

A number of other analysts have also recently commented on the stock. Canaccord Genuity Group upped their price objective on shares of Birchcliff Energy from C$5.50 to C$6.00 and gave the company a “hold” rating in a research report on Wednesday, June 5th. CIBC increased their target price on Birchcliff Energy from C$5.00 to C$5.75 in a report on Thursday, March 14th. Finally, BMO Capital Markets increased their target price on Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, July 3rd. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Birchcliff Energy has a consensus rating of “Hold” and an average target price of C$6.63.

Birchcliff Energy Stock Performance

Shares of Birchcliff Energy stock opened at C$6.39 on Friday. The company has a debt-to-equity ratio of 20.12, a quick ratio of 0.97 and a current ratio of 0.73. Birchcliff Energy has a 52 week low of C$4.61 and a 52 week high of C$8.68. The firm has a fifty day moving average of C$6.05 and a two-hundred day moving average of C$5.65. The stock has a market capitalization of C$1.72 billion, a price-to-earnings ratio of 45.64, a PEG ratio of 0.35 and a beta of 2.01.

Birchcliff Energy (TSE:BIR) last released its quarterly earnings data on Wednesday, May 15th. The oil and natural gas company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.05). Birchcliff Energy had a net margin of 5.57% and a return on equity of 1.65%. The firm had revenue of C$163.30 million during the quarter. As a group, equities research analysts predict that Birchcliff Energy will post 0.0911973 EPS for the current year.

Insider Transactions at Birchcliff Energy

In other news, Senior Officer Hue Tran sold 30,000 shares of the stock in a transaction dated Thursday, July 4th. The shares were sold at an average price of C$6.32, for a total transaction of C$189,609.00. In related news, Senior Officer Robyn Bourgeois sold 33,333 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$6.22, for a total value of C$207,404.59. Also, Senior Officer Hue Tran sold 30,000 shares of the firm’s stock in a transaction dated Thursday, July 4th. The shares were sold at an average price of C$6.32, for a total transaction of C$189,609.00. Company insiders own 1.56% of the company’s stock.

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.