Q3 2018 Earnings Estimate for Birchcliff Energy Ltd. (BIR) Issued By Beacon Securities

Birchcliff Energy Ltd. (TSE:BIR) – Analysts at Beacon Securities upped their Q3 2018 earnings per share estimates for shares of Birchcliff Energy in a research report issued on Thursday. Beacon Securities analyst L. Dunkley now expects that the oil and natural gas company will earn $0.14 per share for the quarter, up from their previous forecast of $0.13. Beacon Securities also issued estimates for Birchcliff Energy’s FY2018 earnings at $0.75 EPS.

BIR has been the subject of a number of other research reports. Laurentian decreased their target price on Birchcliff Energy from C$10.00 to C$9.00 in a research report on Friday, October 6th. Laurentian Bank of Canada boosted their target price on Birchcliff Energy from C$9.00 to C$10.00 in a research report on Friday, October 6th. Royal Bank Of Canada boosted their target price on Birchcliff Energy from C$9.00 to C$11.00 in a research report on Thursday, July 20th. Raymond James Financial, Inc. decreased their target price on Birchcliff Energy from C$10.00 to C$9.50 and set an “outperform” rating for the company in a research report on Thursday, November 9th. Finally, National Bank Financial reduced their price target on shares of Birchcliff Energy from C$10.00 to C$9.25 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Birchcliff Energy presently has a consensus rating of “Buy” and a consensus price target of C$11.05.

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Shares of Birchcliff Energy (TSE BIR) traded down C$0.16 during trading on Monday, reaching C$5.44. 789,516 shares of the company were exchanged, compared to its average volume of 1,202,615. Birchcliff Energy has a 52 week low of C$4.92 and a 52 week high of C$10.50.

In other Birchcliff Energy news, insider Myles Bosman purchased 5,700 shares of Birchcliff Energy stock in a transaction dated Thursday, October 5th. The stock was purchased at an average price of C$5.56 per share, with a total value of C$31,692.00. Insiders have bought a total of 18,300 shares of company stock valued at $103,223 in the last ninety days.

Birchcliff Energy Company Profile

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.

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

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