Birchcliff Energy (TSE:BIR) Stock Rating Upgraded by Cibc World Mkts

Birchcliff Energy (TSE:BIR) 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.

Birchcliff Energy Stock Up 0.2 %

BIR stock opened at C$5.74 on Thursday. The stock has a market cap of C$1.56 billion, a PE ratio of 100.54, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. The firm’s 50-day simple moving average is C$5.71 and its 200 day simple moving average is C$5.52. Birchcliff Energy has a fifty-two week low of C$4.53 and a fifty-two week high of C$6.54. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63.

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.