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

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

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

Birchcliff Energy Trading Up 0.3 %

Shares of BIR stock opened at C$6.10 on Thursday. The company has a 50-day moving average of C$5.34 and a two-hundred day moving average of C$5.61. The firm has a market cap of C$1.64 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 0.35 and a beta of 1.93. Birchcliff Energy has a 1-year low of C$4.53 and a 1-year high of C$6.54. The company has a debt-to-equity ratio of 22.26, a current ratio of 1.52 and a quick ratio of 0.97.

Insider Buying and Selling at Birchcliff Energy

In other Birchcliff Energy news, Senior Officer Hue Tran sold 28,600 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$5.10, for a total transaction of C$145,860.00. Also, Director Aaron Jeffery Tonken sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$5.53, for a total transaction of C$1,106,000.00. Insiders sold 260,000 shares of company stock valued at $1,409,488 in the last ninety days. Company insiders own 1.55% of the company’s stock.

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.