Birchcliff Energy Ltd. (BIR) Price Target Raised to C$10.00 at Laurentian Bank of Canada

Birchcliff Energy Ltd. (TSE:BIR) had its price objective upped by Laurentian Bank of Canada from C$9.00 to C$10.00 in a report published on Friday, StockTargetPrices.com reports.

Several other analysts have also recently weighed in on the company. National Bank Financial cut their price objective on Birchcliff Energy from C$10.00 to C$9.25 and set an outperform rating on the stock in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. lifted their price objective on 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, Royal Bank Of Canada lifted their price objective on Birchcliff Energy from C$9.00 to C$11.00 in a research report on Thursday, July 20th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$11.30.

Birchcliff Energy (TSE BIR) opened at 5.30 on Friday. The company’s 50-day moving average price is $5.89 and its 200-day moving average price is $6.33. The firm has a market capitalization of $1.41 billion and a P/E ratio of 24.65. Birchcliff Energy has a 1-year low of $5.27 and a 1-year high of $10.50.

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

In other news, insider Myles Bosman acquired 5,700 shares of the business’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

Several other analysts have also recently weighed in on the company. National Bank Financial cut their price objective on Birchcliff Energy from C$10.00 to C$9.25 and set an outperform rating on the stock in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. lifted their price objective on 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, Royal Bank Of Canada lifted their price objective on Birchcliff Energy from C$9.00 to C$11.00 in a research report on Thursday, July 20th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$11.30.

Birchcliff Energy (TSE BIR) opened at 5.30 on Friday. The company’s 50-day moving average price is $5.89 and its 200-day moving average price is $6.33. The firm has a market capitalization of $1.41 billion and a P/E ratio of 24.65. Birchcliff Energy has a 1-year low of $5.27 and a 1-year high of $10.50.

WARNING: This piece of content was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/birchcliff-energy-ltd-bir-price-target-raised-to-c10-00-at-laurentian-bank-of-canada.html.

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

In other news, insider Myles Bosman acquired 5,700 shares of the business’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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