Birchcliff Energy (TSE:BIR) Upgraded to Strong-Buy at Cibc World Mkts

Birchcliff Energy (TSE:BIRGet Free Report) was upgraded by equities researchers at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research analysts have also recently commented on the company. Cormark upgraded Birchcliff Energy to a “strong-buy” rating in a research note on Thursday. TD Securities raised Birchcliff Energy from a “hold” rating to a “buy” rating and upped their target price for the company from C$5.50 to C$7.00 in a research report on Thursday, January 30th. Canaccord Genuity Group raised shares of Birchcliff Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from C$6.00 to C$7.00 in a research report on Thursday. National Bankshares set a C$8.00 price target on shares of Birchcliff Energy and gave the stock an “outperform” rating in a research note on Thursday. Finally, CIBC upgraded shares of Birchcliff Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$7.00 to C$8.00 in a research note on Thursday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Birchcliff Energy currently has a consensus rating of “Buy” and an average target price of C$7.04.

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Birchcliff Energy Price Performance

BIR opened at C$5.74 on Thursday. Birchcliff Energy has a twelve month low of C$4.53 and a twelve month high of C$6.54. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 27.63. The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of 100.54, a PEG ratio of 0.35 and a beta of 1.93. The company has a fifty day simple moving average of C$5.71 and a 200 day simple moving average of C$5.52.

About Birchcliff Energy

(Get Free Report)

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.

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Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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