Birchcliff Energy Ltd. (TSE:BIR) had its target price lowered by Raymond James Financial, Inc. from C$10.00 to C$9.50 in a research note released on Thursday morning. The brokerage currently has an outperform rating on the oil and natural gas company’s stock.

BIR has been the subject of several other research reports. National Bank Financial dropped 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. Laurentian dropped their price target on shares of Birchcliff Energy from C$10.00 to C$9.00 in a research report on Friday, October 6th. Royal Bank Of Canada increased their price target on shares of Birchcliff Energy from C$9.00 to C$11.00 in a research report on Thursday, July 20th. Finally, Laurentian Bank of Canada increased their price target on shares of Birchcliff Energy from C$9.00 to C$10.00 in a research report on Friday, October 6th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Birchcliff Energy has a consensus rating of Buy and a consensus price target of C$11.05.

Birchcliff Energy (TSE BIR) opened at C$5.60 on Thursday. Birchcliff Energy has a 52-week low of C$4.92 and a 52-week high of C$10.50.

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In other news, insider Myles Bosman acquired 5,700 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were purchased at an average cost of C$5.56 per share, with a total value of C$31,692.00. Insiders have acquired 18,300 shares of company stock worth $103,223 over 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.

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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