Birchcliff Energy (OTCMKTS:BIREF) Price Target Cut to C$9.00

Birchcliff Energy (OTCMKTS:BIREF – Get Rating) had its target price decreased by stock analysts at TD Securities from C$11.50 to C$9.00 in a note issued to investors on Thursday, The Fly reports.

Other equities research analysts also recently issued reports about the company. Scotiabank downgraded Birchcliff Energy from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 17th. Maxim Group assumed coverage on Birchcliff Energy in a report on Thursday, December 15th. They issued a “buy” rating and a C$14.75 target price on the stock. Stifel Nicolaus dropped their target price on Birchcliff Energy from C$9.75 to C$9.00 in a report on Thursday, January 19th. CIBC dropped their target price on Birchcliff Energy from C$12.75 to C$10.50 in a report on Tuesday, January 17th. Finally, National Bank Financial dropped their target price on Birchcliff Energy from C$13.50 to C$12.00 in a report on Wednesday, January 11th.

Birchcliff Energy Price Performance

Shares of BIREF stock opened at $5.72 on Thursday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 3.13 and a beta of 0.93. The business’s fifty day moving average is $6.34 and its 200 day moving average is $7.19. Birchcliff Energy has a twelve month low of $5.45 and a twelve month high of $9.96. 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 (OTCMKTS:BIREF – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $235.98 million for the quarter. Birchcliff Energy had a return on equity of 29.77% and a net margin of 49.27%.

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.