Birchcliff Energy Ltd. (BIR) Given New C$10.25 Price Target at Raymond James Financial, Inc.
Birchcliff Energy Ltd. (TSE:BIR) had its price target raised by equities research analysts at Raymond James Financial, Inc. from C$9.75 to C$10.25 in a report issued on Friday. The brokerage currently has an “outperform” rating on the oil and natural gas company’s stock. Raymond James Financial, Inc.’s price target indicates a potential upside of 86.03% from the stock’s current price.
BIR has been the subject of several other research reports. Royal Bank Of Canada decreased their target price on Birchcliff Energy from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research report on Thursday, May 11th. National Bank Financial decreased their target price on Birchcliff Energy from C$10.00 to C$9.25 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Birchcliff Energy currently has an average rating of “Buy” and a consensus target price of C$11.69.
Shares of Birchcliff Energy (TSE BIR) traded up 6.35% during trading on Friday, hitting $5.86. The stock had a trading volume of 620,162 shares. The stock has a 50-day moving average of $5.94 and a 200 day moving average of $6.80. Birchcliff Energy has a 12-month low of $5.33 and a 12-month high of $10.50. The firm has a market cap of $1.56 billion and a price-to-earnings ratio of 97.67.
COPYRIGHT VIOLATION WARNING: “Birchcliff Energy Ltd. (BIR) Given New C$10.25 Price Target at Raymond James Financial, Inc.” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.watchlistnews.com/birchcliff-energy-ltd-bir-given-new-c10-25-price-target-at-raymond-james-financial-inc/1473214.html.
In other Birchcliff Energy news, insider Bruno P. Geremia purchased 4,400 shares of Birchcliff Energy stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average price of C$6.90 per share, with a total value of C$30,360.00. Also, insider Christopher Andrew Carlsen purchased 4,100 shares of Birchcliff Energy stock in a transaction that occurred on Wednesday, May 31st. The stock was acquired at an average cost of C$6.36 per share, with a total value of C$26,076.00. Insiders bought 27,000 shares of company stock valued at $181,142 in the last ninety days.
About Birchcliff Energy
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces oil and natural gas, light oil, and natural gas liquids in Western Canada. The company principally holds interests in the Peace River Arch area of Alberta, which produces natural gas and oil in the Western Canadian Sedimentary Basin.
Receive News & Ratings for Birchcliff Energy Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birchcliff Energy Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.