Beacon Securities Weighs in on Birchcliff Energy Ltd.’s Q2 2019 Earnings (BIR)

Birchcliff Energy Ltd. (TSE:BIR) – Equities researchers at Beacon Securities issued their Q2 2019 EPS estimates for Birchcliff Energy in a research report issued on Thursday, May 16th. Beacon Securities analyst L. Dunkley forecasts that the oil and natural gas company will earn $0.03 per share for the quarter. Beacon Securities also issued estimates for Birchcliff Energy’s Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.08 EPS, Q1 2020 earnings at $0.11 EPS, Q2 2020 earnings at $0.08 EPS, Q3 2020 earnings at $0.08 EPS, Q4 2020 earnings at $0.10 EPS and FY2020 earnings at $0.38 EPS.

A number of other equities research analysts have also recently issued reports on the stock. TD Securities dropped their target price on shares of Birchcliff Energy from C$7.50 to C$7.00 and set an “action list buy” rating for the company in a research report on Friday, February 15th. Eight Capital increased their target price on shares of Birchcliff Energy from C$4.50 to C$4.75 in a research report on Thursday, February 14th. Canaccord Genuity increased their target price on shares of Birchcliff Energy from C$4.25 to C$5.50 in a research report on Tuesday, April 9th. Raymond James increased their target price on shares of Birchcliff Energy from C$4.60 to C$5.00 in a research report on Friday, February 15th. Finally, National Bank Financial raised their price objective on shares of Birchcliff Energy from C$6.00 to C$6.75 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$6.29.

Shares of Birchcliff Energy stock opened at C$3.82 on Monday. The stock has a market cap of $1.04 billion and a P/E ratio of 10.35. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 36.89. Birchcliff Energy has a 12-month low of C$2.57 and a 12-month high of C$5.45.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta.

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Earnings History and Estimates for Birchcliff Energy (TSE:BIR)

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