Birchcliff Energy PT Raised to C$15.50 at Scotiabank (BIR)

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Equities researchers at Scotiabank boosted their price objective on shares of Birchcliff Energy (TSE:BIR) from C$14.50 to C$15.50 in a research report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 29.17% from the stock’s previous close.

Birchcliff Energy (TSE:BIR) traded up 0.33% during mid-day trading on Thursday, hitting $12.04. The stock had a trading volume of 799,260 shares. Birchcliff Energy has a 52 week low of $6.87 and a 52 week high of $12.99. The stock’s 50-day moving average is $11.92 and its 200-day moving average is $9.24. The company has a market cap of $1.735 billion and a price-to-earnings ratio of 27.91.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Birchcliff Energy from C$13.00 to C$14.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at NBF raised their price target on shares of Birchcliff Energy from C$13.50 to C$15.00 in a research note on Thursday. Finally, analysts at CIBC raised their price target on shares of Birchcliff Energy from C$13.50 to C$14.00 in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$13.69.

Birchcliff Energy Ltd. (TSE:BIR) is an intermediate oil and gas exploration, development and production company based in Calgary, Alberta.

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