In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Birchcliff Energy (BIR). Analyst Kurt Molnar from Raymond James rated Birchcliff Energy (BIR) a Buy, setting a C$5 price target.
According to TipRanks.com, Molnar has currently no stars on a ranking scale of 0-5 stars, with an average return of -23.0% and a 20.1% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.
Currently, the analyst consensus on Birchcliff Energy is a Strong Buy with an average price target of C$5.11, which is a 36.6% upside from current levels. In a report released today, GMP FirstEnergy also maintained a Buy rating on the stock with a C$6.25 price target.
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Birchcliff Energy’s market cap is currently C$941.3M and has a P/E ratio of 17.4. The company has a Price to Book ratio of 0.56.
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 Thursday at C$3.74.
