Birchcliff Energy Ltd. (TSE:BIR) had its price objective upped by Royal Bank Of Canada from C$11.00 to C$12.00 in a report published on Thursday, StockTargetPrices.com reports.
BIR has been the topic of several other reports. Raymond James Financial Inc. raised their price objective on Birchcliff Energy from C$10.50 to C$11.00 and gave the company an outperform rating in a research note on Thursday, August 11th. TD Securities dropped their price objective on Birchcliff Energy from C$12.00 to C$5.00 and set a buy rating on the stock in a research note on Thursday, July 14th. Scotiabank restated a focus stock rating and set a C$12.00 price objective on shares of Birchcliff Energy in a research note on Monday, August 22nd. RBC Capital Markets raised their price objective on Birchcliff Energy from C$9.00 to C$11.00 in a research note on Thursday, August 11th. Finally, CIBC raised their price objective on Birchcliff Energy from C$10.00 to C$11.50 in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of C$10.05.
Birchcliff Energy (TSE:BIR) traded up 0.32% during trading on Thursday, hitting $9.43. 75,686 shares of the company traded hands. Birchcliff Energy has a 12-month low of $2.85 and a 12-month high of $9.89. The stock has a 50 day moving average price of $8.97 and a 200 day moving average price of $7.17. The company’s market capitalization is $2.48 billion.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.
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