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

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 note issued on Thursday,Zacks.com reports.

BIR has been the subject of a number of other reports. National Bankshares reduced their price objective on shares of Birchcliff Energy from C$6.50 to C$6.00 in a research note on Friday, September 27th. Scotiabank upgraded shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research report on Friday, January 17th. Canaccord Genuity Group decreased their price target on shares of Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. CIBC lifted their price objective on Birchcliff Energy from C$5.75 to C$6.00 in a report on Friday, January 17th. Finally, National Bank Financial upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$6.25.

Birchcliff Energy Stock Performance

Shares of Birchcliff Energy stock opened at C$6.10 on Thursday. The stock’s fifty day simple moving average is C$5.34 and its 200 day simple moving average is C$5.61. Birchcliff Energy has a 12 month low of C$4.53 and a 12 month high of C$6.54. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 22.26. The company has a market capitalization of C$1.64 billion, a PE ratio of 38.13, a PEG ratio of 0.35 and a beta of 1.93.

Insider Transactions at Birchcliff Energy

In other Birchcliff Energy news, Senior Officer Hue Tran sold 28,600 shares of the stock in a transaction on Monday, December 9th. The stock was 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 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. In the last three months, insiders have sold 260,000 shares of company stock worth $1,409,488. 1.55% of the stock is currently owned by insiders.

About Birchcliff Energy

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.