RBC Capital analyst Michael Harvey maintained a Buy rating on Birchcliff Energy (OTC:BIREF) on Wednesday, setting a price target of C$9, which is approximately 43.59% above the present share price of $4.88.
Harvey expects Birchcliff Energy to post earnings per share (EPS) of $0.52 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Birchcliff Energy, with an average price target of $7.35.
The analysts price targets range from a high of $8.56 to a low of $6.81.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $273.21 million and a net profit of $120.6 million. The company's market cap is $1.3 billion.
According to TipRanks.com, RBC Capital analyst Michael Harvey is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.7% and a 52.82% success rate.
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.