Birchcliff Energy (TSE:BIR) Stock Price Expected to Rise, National Bankshares Analyst Says

Birchcliff Energy (TSE:BIR) had its target price raised by stock analysts at National Bankshares from C$8.00 to C$8.50 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the oil and natural gas company’s stock. National Bankshares’ target price suggests a potential upside of 28.98% from the stock’s current price.

Several other equities analysts have also recently commented on the company. Raymond James set a C$7.50 price target on Birchcliff Energy and gave the company a “market perform” rating in a report on Tuesday, April 8th. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. CIBC raised Birchcliff Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$7.00 to C$8.00 in a report on Thursday, March 13th. TD Securities raised Birchcliff Energy from a “hold” rating to a “buy” rating and upped their price target for the company from C$5.50 to C$7.00 in a report on Thursday, January 30th. Finally, Cormark raised Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$7.16.

Birchcliff Energy Price Performance

TSE BIR opened at C$6.59 on Thursday. Birchcliff Energy has a twelve month low of C$4.53 and a twelve month high of C$6.95. The company has a debt-to-equity ratio of 27.63, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market capitalization of C$1.79 billion, a PE ratio of 115.43, a P/E/G ratio of 0.35 and a beta of 1.93. The stock has a 50-day simple moving average of C$6.17 and a 200 day simple moving average of C$5.70.

Insider Activity

In other news, Senior Officer Hue Tran sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of C$6.30, for a total value of C$189,000.00. In the last ninety days, insiders have sold 32,600 shares of company stock worth $205,716. Company insiders own 1.55% of the company’s stock.

About Birchcliff Energy

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.