Birchcliff Energy Ltd. (BIR:TSX) Analysts adjust targets after earnings

Based on the Birchcliff Energy Ltd. stock forecast from 12 analysts, the average analyst target price for Birchcliff Energy Ltd. is CAD 7.31 over the next 12 months. Birchcliff Energy Ltd.’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Birchcliff Energy Ltd. is Slightly Bearish, which is based on 4 positive signals and 9 negative signals. At the last closing, Birchcliff Energy Ltd.’s stock price was CAD 4.82. Birchcliff Energy Ltd.’s stock price has changed by -5.49% over the past week, -20.72% over the past month and -44.08% over the last year.

Birchcliff Energy Ltd. Stock Forecast:

The average price target for Birchcliff Energy Ltd. over the next 12 months, as predicted by 17 analysts, is CAD 12.08, with a Buy rating. Stock Target Advisor has conducted its own analysis of Birchcliff Energy Ltd.’s stock and has determined it to be Slightly Bearish, based on 4 positive signals and 5 negative signals. Birchcliff Energy Ltd.’s stock closed at CAD 8.02, which represents a change of -8.66% over the past week, -6.96% over the past month, and an increase of +23.20% over the past year.

Analysts Coverage Change:

  • Scotia Capital maintained a Sector Perform rating for Birchcliff Energy Ltd., and a target price of $13
  • TD Securities maintained a Buy and lowered the target price to $9 from $11.50.
  • National Bank Financial maintained an Outperform rating and lowered the target price to $11 from $12.
  • STA Research maintained a Hold rating on the company and a target price of $8.
  • CIBC World Markets maintained an Outperform rating and lowered the target price to $9 from $11.50.
  • Stifel Nicolaus Downgraded Birchcliff Energy Ltd. to Hold with a target price of $8
  • ATB Capital Markets lowered the target price to $11.5 from $13.

Positive Fundamentals:

Birchcliff Energy Ltd. has demonstrated superior performance in terms of return on assets, cash flow, and earnings growth. The company’s management has achieved a better return on assets than its peers, placing it in the top quartile. Birchcliff Energy Ltd. has also generated positive total cash flow and total free cash flow in the most recent four quarters. Furthermore, the company has shown top quartile earnings growth in the previous five years compared to its sector. Overall, Birchcliff Energy Ltd. has demonstrated strong financial performance.

Negative Fundamentals:

Birchcliff Energy Ltd. has high volatility in its total returns, which are above median for its sector over the past 5 years. However, the company has underperformed its peers on average total returns in the past 5 years. Additionally, the stock is overpriced on a cash flow basis compared to its peers and has poor capital utilization with below median returns on invested capital. Lastly, the company is highly leveraged, which may be due to aggressive growth strategies, but caution is still advised when considering investing.

FA Score (Fundamental Analysis):

The fundamental analysis of Birchcliff Energy Ltd. is “Slightly Bearish” with a FA score of 4.4 out of 10, where 0 is very bearish and 10 is very bullish.

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