Birchcliff Energy (TSE:BIR) was downgraded by analysts at TD Securities from an “action list buy” rating to a “buy” rating in a report released on Wednesday, BayStreet.CA reports. They currently have a C$5.00 price objective on the oil and natural gas company’s stock. TD Securities’ price objective indicates a potential upside of 157.73% from the stock’s current price.

BIR has been the topic of a number of other research reports. Royal Bank of Canada reduced their target price on Birchcliff Energy from C$4.50 to C$4.00 in a report on Thursday, July 18th. Laurentian reduced their target price on Birchcliff Energy from C$6.00 to C$5.25 in a report on Wednesday, July 24th. CIBC reduced their target price on Birchcliff Energy from C$5.75 to C$4.00 in a report on Thursday, July 18th. National Bank Financial reduced their target price on Birchcliff Energy from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Finally, GMP Securities reduced their target price on Birchcliff Energy from C$4.25 to C$4.00 in a report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$4.84.

TSE:BIR traded down C$0.06 during trading hours on Wednesday, reaching C$1.94. 424,528 shares of the company were exchanged, compared to its average volume of 1,060,967. The company has a market capitalization of $531.87 million and a P/E ratio of 6.26. Birchcliff Energy has a 1-year low of C$1.69 and a 1-year high of C$5.13. The company has a debt-to-equity ratio of 38.86, a current ratio of 0.42 and a quick ratio of 0.34. The business has a 50 day moving average of C$2.10 and a 200 day moving average of C$2.86.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings results on Wednesday, August 14th. The oil and natural gas company reported C$0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.03). The company had revenue of C$139.86 million during the quarter, compared to analyst estimates of C$146.85 million. As a group, equities research analysts anticipate that Birchcliff Energy will post 0.18 earnings per share for the current fiscal year.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.

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Analyst Recommendations for Birchcliff Energy (TSE:BIR)

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