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Analysts Conflicted on These Energy Names: Birchcliff Energy (OtherBIREF) and Precision Drilling (PDS)

Tipranks - Thu Jan 15, 7:44AM CST

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Birchcliff Energy (BIREFResearch Report) and Precision Drilling (PDSResearch Report).

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Birchcliff Energy (BIREF)

CIBC analyst Chris Thompson MBA downgraded Birchcliff Energy to Hold yesterday and set a price target of C$8.50. The company’s shares closed last Tuesday at $5.10.

MBA has an average return of 6.4% when recommending Birchcliff Energy. ;'>

According to TipRanks.com, MBA is ranked #2654 out of 12040 analysts.

Currently, the analyst consensus on Birchcliff Energy is a Strong Buy with an average price target of $6.26.

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Precision Drilling (PDS)

In a report released yesterday, Jamie Kubik from CIBC maintained a Buy rating on Precision Drilling, with a price target of C$120.00. The company’s shares closed last Tuesday at $73.68, close to its 52-week high of $79.07.

According to TipRanks.com, Kubik is a 5-star analyst with an average return of 12.7% and a 54.4% success rate. Kubik covers the NA sector, focusing on stocks such as Tamarack Valley Energy, Paramount Resources, and PrairieSky Royalty. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Precision Drilling with a $84.67 average price target.

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