Laurentian Trims Birchcliff Energy Ltd. (BIR) Target Price to C$9.00
Birchcliff Energy Ltd. (TSE:BIR) had its target price decreased by research analysts at Laurentian from C$10.00 to C$9.00 in a note issued to investors on Friday. Laurentian’s price target suggests a potential upside of 63.64% from the company’s current price.
Several other research firms have also weighed in on BIR. 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. National Bank Financial reduced 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. Raymond James Financial, Inc. increased their price target on shares of Birchcliff Energy from C$9.75 to C$10.25 and gave the company an “outperform” rating in a research report on Friday, August 11th. 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. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$11.30.
Shares of Birchcliff Energy (TSE BIR) traded down 3.09% during mid-day trading on Friday, reaching $5.33. 2,058,543 shares of the company’s stock were exchanged. The company has a market cap of $1.41 billion and a PE ratio of 24.79. Birchcliff Energy has a 52-week low of $5.29 and a 52-week high of $10.50. The company’s 50-day moving average price is $5.90 and its 200 day moving average price is $6.35.
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In other Birchcliff Energy news, insider Myles Bosman acquired 5,700 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were acquired at an average cost of C$5.56 per share, with a total value of C$31,692.00. Over the last ninety days, insiders have acquired 20,400 shares of company stock worth $116,783.
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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