Birchcliff Energy (BIR) Price Target Raised to C$10.50 at Cormark
Birchcliff Energy (TSE:BIR) had its price objective boosted by Cormark from C$9.50 to C$10.50 in a research note released on Wednesday morning. Cormark also issued estimates for Birchcliff Energy’s Q1 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.19 EPS and FY2019 earnings at $0.55 EPS.
Other equities research analysts have also issued reports about the company. Eight Capital upped their price target on Birchcliff Energy from C$6.50 to C$6.75 in a research report on Wednesday. Industrial Alliance Securities upped their price target on Birchcliff Energy from C$6.50 to C$7.00 in a research report on Wednesday. TD Securities upped their price target on Birchcliff Energy from C$7.00 to C$7.50 in a research report on Wednesday. Canaccord Genuity dropped their price target on Birchcliff Energy from C$7.00 to C$6.50 in a research report on Tuesday, July 10th. Finally, Raymond James upped their price target on Birchcliff Energy from C$6.25 to C$6.75 in a research report on Thursday, July 5th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of C$7.54.
BIR stock opened at C$4.83 on Wednesday. Birchcliff Energy has a 12-month low of C$2.90 and a 12-month high of C$6.46.
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.
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