In a latest note to investors, a research analyst has provided a rating update for the Birchcliff Energy (BIR). Analyst Michael Harvey from RBC Capital rated Birchcliff Energy (BIR) a Buy today, setting a C$4 price target.
According to TipRanks.com, Harvey is a 3-star analyst with an average return of 0.6% and a 41.5% success rate. Harvey covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Crescent Point Energy, and Birchcliff Energy Ltd.
Birchcliff Energy has an analyst consensus of Strong Buy, with a price target consensus of C$5.37.
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 Monday at C$3.19.
