Birchcliff Energy (BIREF) Gets a Buy from RBC Capital

In a report released yesterday, Michael Harvey from RBC Capital maintained a Buy rating on Birchcliff Energy (BIREF – Research Report), with a price target of C$7.00. The company’s shares closed yesterday at $3.97.

Harvey covers the Energy sector, focusing on stocks such as ARC Resources, Crescent Point Energy, and Advantage Energy. According to TipRanks, Harvey has an average return of 19.9% and a 56.67% success rate on recommended stocks.

Currently, the analyst consensus on Birchcliff Energy is a Hold with an average price target of $4.37.

The company has a one-year high of $6.01 and a one-year low of $3.35. Currently, Birchcliff Energy has an average volume of 157.8K.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.

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Birchcliff Energy (BIREF) Company Description:

Birchcliff Energy Ltd. is an intermediate oil and natural gas company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids (NGLs). Its properties include Peace River Arch, and the Montney/Doig Resource Play. The company was founded by Myles R. Bosman, Gordon W. Cameron, Bruno P. Geremia, Laurence A. Shaw, Werner A. Siemens, James W. Surbey, and A. Jeffery Tonken on July 6, 2004 and is headquartered in Calgary, Canada.