National Bankshares Trims Birchcliff Energy (TSE:BIR) Target Price to C$6.00

Birchcliff Energy (TSE:BIR) had its price target reduced by National Bankshares from C$6.50 to C$6.00 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price objective would indicate a potential upside of 8.70% from the company’s previous close.

BIR has been the topic of several other reports. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a report on Monday. Scotiabank lifted their price objective on shares of Birchcliff Energy from C$7.00 to C$7.50 in a research note on Friday, July 12th. BMO Capital Markets upped their target price on Birchcliff Energy from C$6.00 to C$6.50 in a research note on Wednesday, July 3rd. Finally, Canaccord Genuity Group lifted their price target on Birchcliff Energy from C$6.00 to C$6.50 in a research note on Thursday, August 15th. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$6.63.

Birchcliff Energy Stock Performance

Shares of BIR stock traded up C$0.09 on Friday, hitting C$5.52. The company’s stock had a trading volume of 600,590 shares, compared to its average volume of 1,302,057. Birchcliff Energy has a fifty-two week low of C$4.61 and a fifty-two week high of C$8.11. The company has a debt-to-equity ratio of 22.26, a quick ratio of 0.97 and a current ratio of 1.52. The stock’s 50 day moving average is C$5.88 and its 200-day moving average is C$5.81. The company has a market capitalization of C$1.49 billion, a PE ratio of 34.50, a PEG ratio of 0.35 and a beta of 1.95.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.01) by C$0.18. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.24%. The business had revenue of C$146.98 million during the quarter. Equities research analysts expect that Birchcliff Energy will post 0.106975 earnings per share for the current fiscal year.

Insider Activity

In other Birchcliff Energy news, Senior Officer Hue Tran sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 4th. The shares were sold at an average price of C$6.32, for a total transaction of C$189,609.00. 1.55% of the stock is currently owned by insiders.

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.