Birchcliff Energy Ltd. (TSE:BIR) had its target price lifted by analysts at Laurentian Bank of Canada from C$9.00 to C$10.00 in a note issued to investors on Friday, reports. Laurentian Bank of Canada’s price objective would suggest a potential upside of 88.68% from the company’s current price.

Several other equities analysts have also commented on BIR. Royal Bank Of Canada upped their price target on shares of Birchcliff Energy from C$9.00 to C$11.00 in a research report on Thursday, July 20th. National Bank Financial lowered their price target on shares of 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. Finally, Raymond James Financial, Inc. upped their price target on shares of Birchcliff Energy from C$9.75 to C$10.25 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$11.30.

Shares of Birchcliff Energy (TSE BIR) opened at 5.30 on Friday. The firm has a market cap of $1.41 billion and a PE ratio of 24.65. Birchcliff Energy has a 1-year low of $5.27 and a 1-year high of $10.50. The stock has a 50 day moving average of $5.89 and a 200 day moving average of $6.34.

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In related news, insider Myles Bosman acquired 5,700 shares of Birchcliff Energy stock in a transaction that occurred on Thursday, October 5th. The stock was acquired at an average price of C$5.56 per share, with a total value of C$31,692.00. Insiders purchased 20,400 shares of company stock valued at $116,783 in the last ninety days.

About Birchcliff Energy

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.

Stock Target Prices

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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