Birchcliff Energy (OTCMKTS:BIREF) Price Target Raised to C$13.00 at Scotiabank

Birchcliff Energy (OTCMKTS:BIREFGet Rating) had its price objective boosted by equities researchers at Scotiabank from C$12.00 to C$13.00 in a research note issued to investors on Monday, The Fly reports.

Several other equities research analysts have also issued reports on BIREF. Stifel Nicolaus raised their target price on shares of Birchcliff Energy from C$8.75 to C$9.25 in a report on Friday, February 11th. National Bank Financial raised their target price on shares of Birchcliff Energy from C$11.00 to C$12.50 in a report on Thursday. CIBC raised their target price on shares of Birchcliff Energy from C$9.00 to C$11.00 in a report on Thursday. Finally, TD Securities lowered their target price on shares of Birchcliff Energy from C$10.50 to C$10.00 in a report on Thursday, January 20th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $9.80.

BIREF stock traded up $0.11 during trading on Monday, hitting $7.92. 110,300 shares of the company’s stock traded hands, compared to its average volume of 92,390. Birchcliff Energy has a 52 week low of $2.20 and a 52 week high of $8.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.89 and a current ratio of 0.89. The business has a fifty day simple moving average of $5.92 and a 200 day simple moving average of $5.53. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 8.70 and a beta of 0.34.

Birchcliff Energy (OTCMKTS:BIREFGet Rating) last released its earnings results on Wednesday, February 9th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $229.92 million during the quarter. Birchcliff Energy had a net margin of 33.61% and a return on equity of 19.65%.

About Birchcliff Energy (Get Rating)

Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play located approximately 95 km northwest of Grande Prairie, Alberta.

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