Shares of Birchcliff Energy (BIR) were revisited by a Wall Street analyst yesterday. Analyst Juan Jarrah from TD Securities rated Birchcliff Energy (BIR) a Buy, setting a C$7.50 price target.
According to TipRanks.com, Jarrah has 0 stars on 0-5 star ranking scale with an average return of -26.4% and a 12.3% success rate. Jarrah covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Crescent Point Energy, and Bellatrix Exploration.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Birchcliff Energy with a C$5.14 average price target, implying a 60.1% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a C$4 price target.
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Birchcliff Energy’s market cap is currently C$853.5M and has a P/E ratio of 14.9. The company has a Price to Book ratio of 0.51.
Birchcliff Energy Ltd. engages in the exploration, development and production of oil and natural gas. It produces and sells light crude oil, natural gas and natural gas liquids.
The company’s shares closed on Monday at C$3.21.
