Can analysts adopt a bullish outlook for Birchcliff Energy Ltd. (TSE:BIR)?

February 15, 2018 - By Adrian Mccoy

 Can analysts adopt a bullish outlook for Birchcliff Energy Ltd. (TSE:BIR)?

Birchcliff Energy Ltd. (TSE:BIR) Ratings Coverage

Among 8 analysts covering Birchcliff Energy Ltd. (TSE:BIR), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Birchcliff Energy Ltd. had 31 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Birchcliff Energy Ltd. (TSE:BIR) earned “Focus Stock” rating by Scotia Capital on Thursday, March 16. Scotia Capital maintained the stock with “Focus Stock” rating in Friday, August 12 report. RBC Capital Markets upgraded the stock to “Outperform” rating in Thursday, February 11 report. The firm earned “Buy” rating on Thursday, March 16 by TD Securities. The firm has “Focus Stock” rating given on Monday, August 22 by Scotia Capital. On Tuesday, March 21 the stock rating was maintained by Raymond James with “Outperform”. The stock has “” rating by Raymond James on Monday, June 6. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, February 12 report. The stock of Birchcliff Energy Ltd. (TSE:BIR) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 22. Below is a list of Birchcliff Energy Ltd. (TSE:BIR) latest ratings and price target changes.

06/10/2017 Broker: Laurentian Rating: Old Target: $10.00 New Target: $9.00 Target Up

The stock decreased 2.17% or $0.07 during the last trading session, reaching $3.16. About 5.04M shares traded or 137.97% up from the average. Birchcliff Energy Ltd. (TSE:BIR) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Birchcliff Energy Ltd., an intermediate gas and oil company, explores for, develops, and produces oil and natural gas, light oil, and natural gas liquids in Western Canada. The company has market cap of $839.92 million. The firm principally holds interests in the Peace River Arch area of Alberta, which produces natural gas and oil in the Western Canadian Sedimentary Basin. It currently has negative earnings. As of December 31, 2016, it had proved plus probable reserves of 880.5 MMboe; 572.7 MMboe of proved reserves; and working interests in various gas plants, oil batteries, compressors, facilities, and infrastructure, as well as held 421,111 net acres of undeveloped land.

More notable recent Birchcliff Energy Ltd. (TSE:BIR) news were published by: Marketwired.com which released: “Birchcliff Energy Ltd. Announces Closing of Financings for Gross Proceeds of …” on July 13, 2016, also Seekingalpha.com with their article: “Seymour Schulich Gobbles Up More Shares Of Birchcliff Energy” published on May 29, 2017, Seekingalpha.com published: “Why Seymour Schulich Loves Birchcliff Energy” on August 25, 2016. More interesting news about Birchcliff Energy Ltd. (TSE:BIR) were released by: Marketwired.com and their article: “Birchcliff Energy Ltd. Announces Closing of Strategic Montney/Doig Acquisition …” published on July 28, 2016 as well as Seekingalpha.com‘s news article titled: “Low Cost Producer Birchcliff Energy LtD. Is Growing Through The Downturn” with publication date: January 11, 2016.

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