Raymond James analyst Luke Davis initiated coverage of Birchcliff Energy (BIREF) with a Market Perform rating and C$7.50 price target as the firm started coverage of eight natural gas-weighted producers operating in Western Canada. The firm continues to see “significant latent value across the space,” though it sees Canada remaining at a structural disadvantage given dislocation from global markets. The firm thinks “consolidation is logical, and likely necessary in several case,” the analyst added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIREF:
- CIBC upgrades Birchcliff to Outperform on ‘compelling’ valuation
- Birchcliff Energy upgraded to Outperformer from Neutral at CIBC
- Birchcliff Energy Updates 2025 Guidance Amid Stronger Natural Gas Prices
- Birchcliff Energy Reports Strong 2024 Performance
- Birchcliff Energy Reports Strong 2024 Results and Outlines 2025 Strategy
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue