Analysts take a look at Birchcliff Energy Ltd. (TSE:BIR) having this to say.

February 15, 2018 - By Winifred Garcia

 Analysts take a look at Birchcliff Energy Ltd. (TSE:BIR) having this to say.

Birchcliff Energy Ltd. (TSE:BIR) Ratings Coverage

Among 8 analysts covering Birchcliff Energy Ltd. (TSE:BIR), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Birchcliff Energy Ltd. had 31 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets initiated Birchcliff Energy Ltd. (TSE:BIR) on Friday, February 12 with “Outperform” rating. Raymond James maintained Birchcliff Energy Ltd. (TSE:BIR) on Tuesday, March 21 with “Outperform” rating. On Friday, January 22 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock has “Outperform” rating by RBC Capital Markets on Thursday, February 11. As per Monday, June 6, the company rating was maintained by Raymond James. On Friday, August 12 the stock rating was maintained by Scotia Capital with “Focus Stock”. Scotia Capital maintained the stock with “Focus Stock” rating in Monday, August 22 report. The rating was maintained by TD Securities on Thursday, March 16 with “Buy”. The stock has “Focus Stock” rating by Scotia Capital on Thursday, March 16. Below is a list of Birchcliff Energy Ltd. (TSE:BIR) latest ratings and price target changes.

06/10/2017 Broker: Laurentian Rating: Old Target: $10.00 New Target: $9.00 Target Up

The stock decreased 2.17% or $0.07 during the last trading session, reaching $3.16. About 5.04 million shares traded or 137.97% up from the average. Birchcliff Energy Ltd. (TSE:BIR) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Birchcliff Energy Ltd., an intermediate gas and oil company, explores for, develops, and produces oil and natural gas, light oil, and natural gas liquids in Western Canada. The company has market cap of $839.92 million. The firm principally holds interests in the Peace River Arch area of Alberta, which produces natural gas and oil in the Western Canadian Sedimentary Basin. It currently has negative earnings. As of December 31, 2016, it had proved plus probable reserves of 880.5 MMboe; 572.7 MMboe of proved reserves; and working interests in various gas plants, oil batteries, compressors, facilities, and infrastructure, as well as held 421,111 net acres of undeveloped land.

More notable recent Birchcliff Energy Ltd. (TSE:BIR) news were published by: Seekingalpha.com which released: “Seymour Schulich Gobbles Up More Shares Of Birchcliff Energy” on May 29, 2017, also Marketwired.com with their article: “Birchcliff Energy Ltd. Announces Closing of Financings for Gross Proceeds of …” published on July 13, 2016, Marketwatch.com published: “Birchcliff Energy Ltd.” on May 10, 2017. More interesting news about Birchcliff Energy Ltd. (TSE:BIR) were released by: Marketwired.com and their article: “Birchcliff Energy Ltd. Announces Closing of Strategic Montney/Doig Acquisition …” published on July 28, 2016 as well as Seekingalpha.com‘s news article titled: “Thoughts On Birchcliff Energy: Higher Liquids Result In Higher Valuation” with publication date: September 05, 2017.

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