Birchcliff Energy Ltd. (TSE:BIR) had its price target increased by RBC Capital Markets from C$11.00 to C$12.00 in a research note issued to investors on Thursday. RBC Capital Markets’ price objective suggests a potential upside of 26.98% from the company’s previous close.
Other analysts also recently issued reports about the stock. Royal Bank Of Canada lifted their price target on shares of Birchcliff Energy from C$8.00 to C$9.00 in a report on Thursday, July 14th. CIBC lifted their price target on shares of Birchcliff Energy from C$7.00 to C$10.00 in a report on Thursday, July 14th. Canaccord Genuity lifted their price target on shares of Birchcliff Energy from C$11.50 to C$12.00 in a report on Monday, July 25th. TD Securities lifted their price target on shares of Birchcliff Energy from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Scotiabank upgraded shares of Birchcliff Energy from a “sector perform” rating to a “focus stock” rating and lifted their price target for the company from C$7.00 to C$12.00 in a report on Thursday, July 14th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Birchcliff Energy currently has a consensus rating of “Buy” and a consensus price target of C$10.05.
Birchcliff Energy (TSE:BIR) opened at 9.45 on Thursday. Birchcliff Energy has a 1-year low of $2.85 and a 1-year high of $9.89. The company has a 50-day moving average of $8.99 and a 200-day moving average of $7.20. The company’s market capitalization is $2.48 billion.
About Birchcliff Energy
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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