Birchcliff Energy (OTCMKTS:BIREF – Get Rating) had its target price lowered by Royal Bank of Canada from C$14.00 to C$12.00 in a research note issued on Thursday, The Fly reports.
Several other research firms have also recently commented on BIREF. Stifel Nicolaus decreased their target price on shares of Birchcliff Energy from C$9.75 to C$9.00 in a research report on Thursday, January 19th. TD Securities reduced their price target on shares of Birchcliff Energy from C$11.50 to C$9.00 in a research note on Thursday. CIBC cut their target price on shares of Birchcliff Energy from C$12.75 to C$10.50 in a research note on Tuesday, January 17th. National Bank Financial cut their target price on shares of Birchcliff Energy from C$12.00 to C$11.00 in a research note on Thursday. Finally, Maxim Group initiated coverage on shares of Birchcliff Energy in a research note on Thursday, December 15th. They set a “buy” rating and a C$14.75 target price for the company.
Birchcliff Energy Price Performance
Shares of OTCMKTS:BIREF opened at $5.72 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.08. Birchcliff Energy has a fifty-two week low of $5.45 and a fifty-two week high of $9.96. The firm has a 50-day simple moving average of $6.34 and a 200 day simple moving average of $7.19. The company has a market cap of $1.53 billion, a PE ratio of 3.13 and a beta of 0.93.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd. engages in the exploration, development, production, and acquisition of petroleum and natural gas reserves. Its properties include Peace River Arch and Montney/Doig Resource Play. The company was founded by Myles R. Bosman, Gordon W. Cameron, Bruno P. Geremia, Laurence A. Shaw, Werner A.
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