Birchcliff Energy (TSE:BIR)‘s stock had its “market perform” rating reaffirmed by stock analysts at BMO Capital Markets in a report issued on Thursday. They presently have a C$3.50 price target on the oil and natural gas company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 2.94% from the company’s current price.
A number of other equities analysts also recently weighed in on the stock. National Bank Financial decreased their target price on shares of Birchcliff Energy from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Thursday. Royal Bank of Canada decreased their target price on shares of Birchcliff Energy from C$7.00 to C$5.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Raymond James Financial decreased their target price on shares of Birchcliff Energy from C$6.25 to C$5.25 in a research note on Monday, February 5th. Finally, CIBC decreased their target price on shares of Birchcliff Energy from C$7.50 to C$6.00 in a research note on Tuesday, January 23rd.
Birchcliff Energy (TSE:BIR) opened at C$3.40 on Thursday. Birchcliff Energy has a one year low of C$2.90 and a one year high of C$8.17. The firm has a market cap of $837.26, a P/E ratio of -13.60 and a beta of 0.26.
In other news, insider David Humphreys purchased 16,000 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were purchased at an average price of C$3.04 per share, for a total transaction of C$48,640.00. In the last quarter, insiders have bought 26,550 shares of company stock worth $121,714.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://ledgergazette.com/2018/03/17/birchcliff-energy-bir-stock-rating-reaffirmed-by-bmo-capital-markets.html.
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.
Receive News & Ratings for Birchcliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birchcliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.