Birchcliff Energy Ltd (TSE:BIR) Has Just Had Its Price Target Cut by Researchers at National Bank Financial to $7.75

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Analysis: Birchcliff Energy Ltd (TSE:BIR) Target Change Today

In an analyst research report revealed to investors by National Bank Financial on Thursday morning, the firm, Birchcliff Energy Ltd (TSE:BIR), had their TP downgraded to $7.75. Analusts right now have a solid Outperform rating on the stock.

From a total of 14 analysts covering Birchcliff Energy Ltd. (TSE:BIR) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 69% of the ratings are positive. The highest target price is $10.47 while the lowest target price is $5.24. The mean of all analyst targets is $6.58 with a 71.43% above today’s ($4.9) stock price. Birchcliff Energy Ltd. was the topic of 6 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc.

Approximately 732,070 shares of stock traded hands or 65.82% up from the average. Birchcliff Energy Ltd. (TSE:BIR) has declined 42.20% since April 30, 2015 and is downtrending. It has underperformed by 41.91% the S&P500.

Birchcliff Energy Ltd (TSE:BIR) Has Just Had Its Price Target Cut by Researchers at National Bank Financial to $7.75

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The company has a market cap of $745.69 million. The Firm is engaged in business of exploring for, developing and producing oil and natural gas resources in the Western Canadian Sedimentary Basin with activities concentrated within its one core area, the Peace River Arch of Alberta. It has 74.87 P/E ratio. As of 2014, Birchcliff drilled 57 wells, consisting of 37 natural gas wells and 20 oil wells.

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