Birchcliff Energy (TSE:BIR) Given New C$8.00 Price Target at BMO Capital Markets

Birchcliff Energy (TSE:BIR) had its target price decreased by equities research analysts at BMO Capital Markets from C$8.50 to C$8.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “market perform” rating on the oil and natural gas company’s stock. BMO Capital Markets’ price objective points to a potential upside of 20.12% from the stock’s current price.

Several other research firms also recently commented on BIR. National Bankshares cut their target price on Birchcliff Energy from C$9.75 to C$9.25 and set an “outperform” rating for the company in a research report on Wednesday. Raymond James raised their price target on Birchcliff Energy from C$10.50 to C$11.50 and gave the company an “outperform” rating in a report on Friday, September 8th. Finally, Stifel Nicolaus dropped their price target on Birchcliff Energy from C$8.50 to C$7.75 in a report on Monday, October 16th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Birchcliff Energy currently has an average rating of “Hold” and an average price target of C$10.29.

Birchcliff Energy Stock Performance

Shares of TSE BIR opened at C$6.66 on Wednesday. The business’s 50-day simple moving average is C$7.72 and its 200-day simple moving average is C$7.84. Birchcliff Energy has a 52 week low of C$6.55 and a 52 week high of C$11.17. The firm has a market cap of C$1.77 billion, a price-to-earnings ratio of 5.79, a P/E/G ratio of 0.35 and a beta of 2.18. The company has a debt-to-equity ratio of 12.77, a quick ratio of 0.97 and a current ratio of 0.99.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and other 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.