Birchcliff Energy (TSE:BIR) Given a C$8.00 Price Target by Ventum Financial Analysts

Birchcliff Energy (TSE:BIR) has been given a C$8.00 target price by stock analysts at Ventum Financial in a research report issued to clients and investors on Friday, BayStreet reports. The firm presently has a “neutral” rating on the oil and natural gas company’s stock. Ventum Financial‘s target price indicates a potential upside of 17.82% from the stock’s current price.

BIR has been the topic of several other reports. Scotiabank raised shares of Birchcliff Energy to a “hold” rating in a research report on Friday, June 26th. Raymond James Financial downgraded shares of Birchcliff Energy from a “moderate buy” rating to a “hold” rating and decreased their price objective for the company from C$8.50 to C$8.00 in a research report on Wednesday, September 16th. Five analysts have rated the stock with a Hold rating. According to MarketBeat.com, Birchcliff Energy has an average rating of “Hold” and an average target price of C$8.30.

Birchcliff Energy Stock Up 1.6%

Shares of TSE BIR traded up C$0.11 during trading hours on Friday, hitting C$6.79. The company had a trading volume of 801,985 shares, compared to its average volume of 1,440,920. The stock has a market capitalization of C$1.86 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 0.35 and a beta of -0.57. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 24.38. Birchcliff Energy has a 1-year low of C$5.72 and a 1-year high of C$8.19. The firm’s 50 day moving average is C$6.45 and its 200-day moving average is C$6.40.

Birchcliff Energy (TSE:BIR) last released its earnings results on Wednesday, August 12th. The oil and natural gas company reported C$0.05 earnings per share for the quarter. The business had revenue of C$193.41 million during the quarter. Birchcliff Energy had a net margin of 13.31% and a return on equity of 4.22%. On average, analysts expect that Birchcliff Energy will post 0.11 earnings per share for the current fiscal year.

About Birchcliff Energy

Birchcliff is an intermediate oil and natural gas company based in Calgary, Alberta with operations focused on the exploration and development of the Montney Resource Play in Alberta. Birchcliff’s common shares are listed for trading on the Toronto Stock Exchange under the symbol ‘BIR’.