Birchcliff Energy’s (BIR) “Buy” Rating Reiterated at TD Securities

TD Securities reaffirmed their buy rating on shares of Birchcliff Energy Ltd. (TSE:BIR) in a research note issued to investors on Thursday. TD Securities currently has a C$14.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Scotiabank reissued a focus stock rating and issued a C$13.00 price target on shares of Birchcliff Energy in a report on Thursday, March 16th. Raymond James Financial, Inc. reissued an outperform rating and issued a C$13.00 price target on shares of Birchcliff Energy in a report on Thursday, February 9th. Royal Bank of Canada restated an outperform rating and issued a C$13.00 price objective on shares of Birchcliff Energy in a research report on Thursday, February 9th. CSFB decreased their price objective on shares of Birchcliff Energy from C$10.00 to C$9.75 in a research report on Thursday, February 9th. Finally, BMO Capital Markets upped their price objective on shares of Birchcliff Energy from C$12.00 to C$13.00 in a research report on Wednesday, December 21st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of C$12.59.

Analyst Recommendations for Birchcliff Energy (TSE:BIR)

Shares of Birchcliff Energy (TSE:BIR) opened at 6.69 on Thursday. Birchcliff Energy has a 52-week low of $4.04 and a 52-week high of $10.50. The firm’s market capitalization is $1.76 billion. The company’s 50-day moving average is $7.34 and its 200 day moving average is $8.56.

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The business also recently disclosed a dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 31st will be given a $0.025 dividend. This represents a dividend yield of 0.36%. The ex-dividend date of this dividend is Monday, March 13th.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.

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