Beacon Securities Weighs in on Birchcliff Energy Ltd.’s Q1 2017 Earnings (BIR)

Beacon Securities Weighs in on Birchcliff Energy Ltd.’s Q1 2017 Earnings (BIR)

Birchcliff Energy Ltd. (TSE:BIR) – Equities research analysts at Beacon Securities boosted their Q1 2017 EPS estimates for Birchcliff Energy in a research note issued on Thursday. Beacon Securities analyst L. Dunkley now expects that the brokerage will post earnings per share of $0.07 for the quarter, up from their prior estimate of $0.05. Beacon Securities also issued estimates for Birchcliff Energy’s Q2 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.14 EPS and FY2017 earnings at $0.37 EPS.

Several other analysts have also recently issued reports on the company. Scotiabank restated a “focus stock” rating and set a C$12.00 price objective on shares of Birchcliff Energy in a research note on Monday, August 22nd. Canaccord Genuity upped their price objective on Birchcliff Energy from C$11.50 to C$12.00 in a research note on Monday, July 25th. CIBC upped their price objective on Birchcliff Energy from C$10.00 to C$11.50 in a research note on Wednesday, July 20th. Royal Bank Of Canada cut their price objective on Birchcliff Energy from C$11.00 to C$9.00 in a research note on Friday, August 12th. Finally, Raymond James Financial Inc. upped their price objective on Birchcliff Energy from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$10.35.

Birchcliff Energy (TSE:BIR) opened at 8.27 on Monday. Birchcliff Energy has a one year low of $2.85 and a one year high of $9.97. The company’s 50-day moving average price is $9.00 and its 200 day moving average price is $7.80. The firm’s market capitalization is $1.90 billion.

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