Birchcliff Energy (TSE:BIR) Upgraded to Strong-Buy at TD Securities

Birchcliff Energy (TSE:BIR) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other analysts also recently commented on the stock. Scotiabank upgraded shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, January 17th. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. National Bankshares cut their price target on Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. CIBC upped their target price on Birchcliff Energy from C$5.75 to C$6.00 in a research report on Friday, January 17th. Finally, Canaccord Genuity Group dropped their target price on Birchcliff Energy from C$6.00 to C$5.75 in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$6.25.

Birchcliff Energy Price Performance

Shares of TSE BIR opened at C$6.10 on Thursday. The firm has a market cap of C$1.64 billion, a P/E ratio of 38.13, a P/E/G ratio of 0.35 and a beta of 1.93. The business’s 50 day moving average price is C$5.34 and its 200 day moving average price is C$5.61. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 22.26. Birchcliff Energy has a 52 week low of C$4.53 and a 52 week high of C$6.54.

Insider Activity

In other Birchcliff Energy news, Senior Officer Hue Tran sold 31,400 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$5.02, for a total value of C$157,628.00. Also, Director Aaron Jeffery Tonken sold 200,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$5.53, for a total transaction of C$1,106,000.00. Insiders have sold 260,000 shares of company stock worth $1,409,488 over the last 90 days. 1.55% of the stock is owned by company insiders.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.