Laurentian Trims Birchcliff Energy Ltd. (BIR) Target Price to C$9.00

Birchcliff Energy Ltd. (TSE:BIR) had its price objective trimmed by Laurentian from C$10.00 to C$9.00 in a research report sent to investors on Friday morning.

Several other equities research analysts also recently weighed in on BIR. Royal Bank Of Canada raised their price target on Birchcliff Energy from C$9.00 to C$11.00 in a report on Thursday, July 20th. National Bank Financial lowered their price target on Birchcliff Energy from C$10.00 to C$9.25 and set an outperform rating for the company in a report on Wednesday, August 2nd. Raymond James Financial, Inc. raised their price target on Birchcliff Energy from C$9.75 to C$10.25 and gave the stock an outperform rating in a report on Friday, August 11th. Finally, Laurentian Bank of Canada raised their price target on Birchcliff Energy from C$9.00 to C$10.00 in a report on Friday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of C$11.30.

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

COPYRIGHT VIOLATION NOTICE: “Laurentian Trims Birchcliff Energy Ltd. (BIR) Target Price to C$9.00” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/09/laurentian-trims-birchcliff-energy-ltd-bir-target-price-to-c9-00.html.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, October 2nd were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Wednesday, September 13th.

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

About Birchcliff Energy

Several other equities research analysts also recently weighed in on BIR. Royal Bank Of Canada raised their price target on Birchcliff Energy from C$9.00 to C$11.00 in a report on Thursday, July 20th. National Bank Financial lowered their price target on Birchcliff Energy from C$10.00 to C$9.25 and set an outperform rating for the company in a report on Wednesday, August 2nd. Raymond James Financial, Inc. raised their price target on Birchcliff Energy from C$9.75 to C$10.25 and gave the stock an outperform rating in a report on Friday, August 11th. Finally, Laurentian Bank of Canada raised their price target on Birchcliff Energy from C$9.00 to C$10.00 in a report on Friday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of C$11.30.

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

COPYRIGHT VIOLATION NOTICE: “Laurentian Trims Birchcliff Energy Ltd. (BIR) Target Price to C$9.00” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/09/laurentian-trims-birchcliff-energy-ltd-bir-target-price-to-c9-00.html.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, October 2nd were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Wednesday, September 13th.

In other news, insider Myles Bosman bought 5,700 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was purchased at an average price of C$5.56 per share, with a total value of C$31,692.00. Insiders have 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.

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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 MarketBeat.com's FREE daily email newsletter.