Birchcliff Energy (OTCMKTS:BIREF) Price Target Cut to C$12.00

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 (OTCMKTS:BIREF – Get Rating) last posted its earnings results on Wednesday, February 15th. The company reported $0.19 EPS for the quarter. Birchcliff Energy had a net margin of 49.27% and a return on equity of 29.77%. The firm had revenue of $235.98 million during the quarter.

Birchcliff Energy Company Profile

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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.