Birchcliff Energy (BIR), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Randy Ollenberger from BMO Capital rated Birchcliff Energy (BIR) a Hold, setting a C$4.25 price target.
According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -1.8% and a 45.3% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Birchcliff Energy Ltd, and Imperial Oil Limited.
Currently, the analyst consensus on Birchcliff Energy is a Strong Buy with an average price target of C$5.04.
Based on Birchcliff Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$7.7 million. In comparison, last year the company had a net profit of C$25.82 million.
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 Wednesday at C$3.41.
