Birchcliff Energy (BIR) Price Target Cut to C$7.00 by Analysts at National Bank Financial

Birchcliff Energy (TSE:BIR) had its price objective lowered by National Bank Financial from C$8.00 to C$7.00 in a report published on Tuesday. The brokerage currently has an outperform rating on the oil and natural gas company’s stock.

BIR has been the subject of a number of other reports. Laurentian reduced their price target on shares of Birchcliff Energy from C$10.00 to C$9.00 in a research report on Friday, October 6th. Raymond James Financial reduced their price target on shares of Birchcliff Energy from C$10.00 to C$9.50 and set an outperform rating for the company in a research report on Thursday, November 9th. 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. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of C$9.93.

Shares of Birchcliff Energy (TSE BIR) opened at C$3.58 on Tuesday. The stock has a market cap of $951.52, a P/E ratio of -14.32 and a beta of 0.39. Birchcliff Energy has a 52-week low of C$3.56 and a 52-week high of C$8.91.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, January 2nd were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Thursday, December 14th. Birchcliff Energy’s payout ratio is presently -30.00%.

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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.

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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