Analyst Activity – Royal Bank of Canada Lowers Its Price Target On Birchcliff Energy (TSE:BIR) to C$11.00

Analyst Ratings For Birchcliff Energy (TSE:BIR)

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Today, Royal Bank of Canada lowered its price target on Birchcliff Energy (TSE:BIR) to C$11.00 per share.

There are 4 buy ratings, 1 strong buy rating on the stock.

The current consensus rating on Birchcliff Energy (TSE:BIR) is Buy (Score: 3.20) with a consensus target price of C$12.34 per share, a potential .

Some recent analyst ratings include

  • 3/21/2017-Raymond James Financial, Inc. Reiterated Rating of Outperform.
  • 3/16/2017-TD Securities Reiterated Rating of Buy.
  • 3/16/2017-Scotiabank Reiterated Rating of Focus Stock.

    About Birchcliff Energy (TSE:BIR)
    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. It is focused on over two established resource plays within the Peace River Arch: the Montney/Doig Natural Gas Resource Play and the Charlie Lake Light Oil Resource Play. The Montney/Doig Natural Gas Resource Play contains over five producing regions, including Pouce Coupe, Pouce Coupe South, Progress, Gordondale and Elmworth. The Charlie Lake reservoirs consist of varying quantities of laminated and dolomitic, silty to fine-grained sandstones. It has over 60 horizontal wells utilizing multi-stage fracture stimulation technology.

    Recent Trading Activity for Birchcliff Energy (TSE:BIR)
    Shares of Birchcliff Energy closed the previous trading session at 7.01 0.00 0.00% with 1,179,016 shares trading hands.

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