Birchcliff Energy Ltd. (BIR) Given Consensus Recommendation of “Buy” by Brokerages

Birchcliff Energy Ltd. (BIR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Birchcliff Energy Ltd. (TSE:BIR) have been assigned a consensus recommendation of “Buy” from the ten research firms that are presently covering the firm. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$11.13.

Several analysts have recently commented on the stock. CIBC increased their price target on shares of Birchcliff Energy from C$11.50 to C$12.00 in a research report on Wednesday. BMO Capital Markets increased their price target on shares of Birchcliff Energy from C$12.00 to C$13.00 in a research report on Wednesday, December 21st. RBC Capital Markets increased their price target on shares of Birchcliff Energy from C$12.00 to C$13.00 in a research report on Thursday, December 15th. Royal Bank Of Canada upped their price objective on shares of Birchcliff Energy from C$12.00 to C$13.00 in a research note on Thursday, December 15th. Finally, Scotiabank reissued a “focus stock” rating and set a C$12.00 price objective on shares of Birchcliff Energy in a research note on Thursday, November 10th.

Birchcliff Energy (TSE:BIR) traded down 1.06% during mid-day trading on Friday, reaching $8.44. 228,938 shares of the company traded hands. The stock’s market capitalization is $2.22 billion. The stock has a 50-day moving average of $9.10 and a 200 day moving average of $8.94. Birchcliff Energy has a 52-week low of $4.04 and a 52-week high of $10.50.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.

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