Projected Stock Price
Estimated share price by August 22, 2026.
Projected Revenue
Estimated quarterly revenue by December 31, 2025.
Projected Earnings Per Share
Estimated quarterly earnings by December 31, 2025.
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Birchcliff Energy Ltd.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
In addition to being able to interpret financial data, stock analysts have connections within the companies they cover that give them access to information retail investors do not have.
Therefore, analyst ratings can help you find opportunities in the market. However, they are guidelines more than recommendations. This is why it’s important to look at analyst ratings over a period of time.
If analysts change their ratings frequently, you should pay close attention to the company’s fundamentals. For example, has there been a significant change to the company’s earnings growth and/or debt?
You should also pay attention to the number of analysts covering a stock over the course of a year. In general, the more analysts who cover the stock give the consensus rating more credibility, but each individual rating less overall weight.
Analyst ratings are one data point for you to consider. Here are some strategies you can use to fine tune your research.
Look at more than one analyst and don’t hesitate to look at analysts that have differing views. This can help challenge any preconceived ideas you have about a stock and point out ways in which your thesis for owning or avoiding a stock may have changed.
Compare a stock’s rating with other stocks in its industry or sector. In some cases, a stock is simply superior to others in its sector. However, at other times, it could be overvalued based on investor sentiment instead of fundamentals.
How are the Fintel Analyst Ratings different?Analyst ratings by Fintel are presented in close to real-time to stay ahead of generalized information flow. Combined with target price estimates and revenue estimates for the company you have greater accuracy despite market volatility.
Date | Analyst | Prior | Latest Recommendation |
Action |
---|---|---|---|---|
2023-12-20 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
2023-11-28 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
2023-11-16 | STIFEL CANADA | Hold | Hold | Maintains |
2023-11-15 | TD SECURITIES | Hold | Hold | Maintains |
2023-11-14 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
2023-11-14 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
2023-11-13 | PETERS & CO., LIMITED | Underperform | Underperform | Maintains |
2023-08-29 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
2023-08-28 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
2023-08-28 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
2023-08-27 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
2023-08-17 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
2023-08-16 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
2023-08-11 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
2023-08-11 | TD SECURITIES | Hold | Hold | Maintains |
2023-08-11 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
2023-08-10 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
2023-08-10 | TD SECURITIES | Hold | Hold | Maintains |
2023-08-10 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
2023-08-10 | STIFEL CANADA | Hold | Hold | Maintains |
2023-08-09 | STIFEL CANADA | Hold | Hold | Maintains |
2023-06-05 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
2023-06-04 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
2023-05-29 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
2023-05-28 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
2023-05-18 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
2023-05-17 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
2023-05-11 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
2023-05-11 | STIFEL CANADA | Buy | Hold | Downgrade |
2023-05-11 | TD SECURITIES | Buy | Hold | Downgrade |
2023-05-10 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
2023-05-10 | STIFEL CANADA | Buy | Hold | Downgrade |
2023-05-10 | TD SECURITIES | Buy | Hold | Downgrade |
2023-05-10 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
2023-05-09 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
2023-04-13 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
2023-04-06 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
2023-04-05 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
2023-03-29 | TD SECURITIES | Buy | Hold | Downgrade |
2023-03-16 | TD SECURITIES | Buy | Buy | Maintains |
2023-03-16 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
2023-03-15 | TD SECURITIES | Buy | Buy | Maintains |
2023-03-15 | PARADIGM CAPITAL | Buy | Hold | Downgrade |
2023-03-15 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
2023-03-15 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
2023-03-14 | PARADIGM CAPITAL | Buy | Hold | Downgrade |
2023-02-16 | STIFEL CANADA | Buy | Buy | Maintains |
2023-02-15 | STIFEL CANADA | Buy | Buy | Maintains |
2023-01-09 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
2023-01-08 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
2022-12-15 | Canaccord Capital | Buy | Maintains | |
2022-12-13 | BMO Financial | 14 | 13 | Downgrade |
2022-11-10 | STA Research | Hold | Maintains | |
2022-11-10 | BMO Financial | Outperform | Initiate | |
2022-11-10 | Scotiabank Capital | Outperform | Maintains | |
2022-11-09 | PARADIGM CAPITAL | Buy | Buy | Maintains |
2022-11-08 | PARADIGM CAPITAL | Buy | Buy | Maintains |
2022-10-14 | STA Research | Hold | Maintains | |
2022-10-14 | CIBC Capital Markets | Neutral | Maintains | |
2022-10-14 | Scotiabank Capital | Outperform | Maintains | |
2022-09-30 | STA Research | Hold | Maintains | |
2022-09-30 | National Bank of Canada Financial | Outperform | Maintains | |
2022-09-29 | TD SECURITIES | Buy | Buy | Maintains |
2022-09-28 | TD SECURITIES | Buy | Buy | Maintains |
2022-08-11 | STIFEL CANADA | Buy | Buy | Maintains |
2022-08-11 | STA Research | Hold | Maintains | |
2022-08-11 | CIBC Capital Markets | Neutral | Maintains | |
2022-08-10 | STIFEL CANADA | Buy | Buy | Maintains |
2022-05-18 | CIBC Capital Markets | Neutral | Maintains | |
2022-05-12 | Scotiabank Capital | Outperform | Maintains | |
2022-04-14 | National Bank of Canada Financial | Outperform | Initiate | |
2022-04-11 | CIBC Capital Markets | Neutral | Maintains | |
2022-03-17 | Raymond James Capital | Outperform | Initiate | |
2022-03-17 | CIBC Capital Markets | Neutral | Maintains | |
2022-03-17 | Scotiabank Capital | Outperform | Maintains | |
2022-02-10 | Raymond James Financial | Outperform | Initiate | |
2022-02-10 | Scotiabank Capital | Outperform | Maintains | |
2022-01-20 | Raymond James Financial | Outperform | Initiate | |
2022-01-20 | BMO Financial | Outperform | Initiate | |
2022-01-20 | Scotiabank Capital | Outperform | Initiate | |
2021-12-11 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
2021-12-10 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
2021-12-01 | CIBC WM | Outperform | Maintains | |
2021-11-11 | IA CAPITAL MARKETS | Buy | Buy | Maintains |
2021-11-10 | IA CAPITAL MARKETS | Buy | Buy | Maintains |
2021-10-18 | CIBC World Markets | Outperform | Maintains | |
2021-10-15 | Sbank | Outperform | Maintains | |
2021-10-08 | CIBC World Markets | Outperform | Maintains | |
2021-09-29 | Sbank | Outperform | Initiate | |
2021-09-16 | Canaccord Genuity | Buy | Maintains | |
2021-08-23 | IA CAPITAL MARKETS | Buy | Buy | Maintains |
2021-08-22 | IA CAPITAL MARKETS | Buy | Buy | Maintains |
2021-08-13 | CIBC World Markets | Outperform | Reiterate | |
2021-08-12 | CIBC World Markets | Outperform | Maintains | |
2021-07-13 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
2021-07-12 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
2021-06-18 | IA CAPITAL MARKETS | Buy | Buy | Maintains |
2021-06-17 | IA CAPITAL MARKETS | Buy | Buy | Maintains |
2021-05-13 | Tudor Pickering | Buy | Maintains | |
2021-03-11 | Cormark Securities | 4.5 | 4.75 | Upgrade |
2021-02-19 | National Bank Financial | 3.5 | 4.75 | Upgrade |
2021-02-12 | CIBC World Markets | 2.5 | 3.75 | Upgrade |
2021-02-12 | Tudor Pickering | Buy | Initiate | |
2021-02-12 | Canaccord Genuity | 3 | 3.5 | Upgrade |
2021-01-15 | Sbank | Outperform | Maintains | |
2021-01-14 | Sbank | 4.25 | 4.5 | Upgrade |
2021-01-12 | Tudor Pickering | Hold | Buy | Upgrade |
2021-01-11 | ATB Capital | 2.7 | 3 | Upgrade |
2021-01-07 | Canaccord Genuity | 2.5 | 2.75 | Upgrade |
2020-11-13 | Tudor Pickering | Hold | Initiate | |
2020-11-13 | CIBC World Markets | 2.25 | 2.5 | Upgrade |
2020-11-13 | Cormark Securities | 3.5 | 4.5 | Upgrade |
2020-07-15 | Raymond James Financial | Market Perform | Outperform | Upgrade |
2020-06-29 | BMO Capital Markets | 2 | 1.5 | Downgrade |
2020-04-09 | Sbank | 6 | 3.25 | Downgrade |
2020-03-25 | Tudor Pickering | Sell | Hold | Upgrade |
2020-03-16 | RBC Capital | Outperform | Sector Perform | Downgrade |
2020-03-12 | Laurentian Bank | 5 | 4 | Downgrade |
2020-03-10 | Canaccord Genuity | 4.5 | 1.6 | Downgrade |
2020-01-23 | Tudor Pickering | Hold | Sell | Downgrade |
2019-12-06 | Raymond James Financial | Strong-Buy | Initiate | |
2019-11-15 | Raymond James Financial | Strong-Buy | Initiate | |
2019-10-15 | CIBC World Markets | 4 | 3.5 | Downgrade |
2019-10-09 | TD Securities | Action List Buy | Buy | Downgrade |
2019-08-15 | GMP Securities | 4.25 | 4 | Downgrade |
2019-07-24 | Laurentian Bank | 6 | 5.25 | Downgrade |
2019-07-18 | RBC Capital | 4.5 | 4 | Downgrade |
2019-07-18 | CIBC World Markets | 5.75 | 4 | Downgrade |
2019-06-28 | GMP Securities | 6.75 | 4.25 | Downgrade |
2019-04-09 | Canaccord Genuity | 4.25 | 5.5 | Upgrade |
2019-03-14 | Raymond James Financial | Outperform | Initiate | |
2019-03-14 | GMP Securities | 5.5 | 6.25 | Upgrade |
2019-02-15 | Raymond James Financial | 4.6 | 5 | Upgrade |
2019-02-14 | Eight Capital | 4.5 | 4.75 | Upgrade |
2019-01-17 | Haywood Securities | 6.5 | 6 | Downgrade |
2019-01-10 | Canaccord Genuity | 6.5 | 4.25 | Downgrade |
2019-01-09 | Raymond James Financial | 7.25 | 7 | Downgrade |
2019-01-08 | RBC Capital | 6 | 4 | Downgrade |
2018-12-13 | GMP Securities | 6.25 | 5.5 | Downgrade |
2018-11-16 | GMP Securities | 7.25 | 6.25 | Downgrade |
2018-10-05 | Raymond James Financial | 7.25 | 7 | Downgrade |
2018-08-15 | CIBC World Markets | 6 | 6.5 | Upgrade |
2018-08-15 | RBC Capital | 6 | 7 | Upgrade |
2018-08-15 | BMO Capital Markets | 5 | 5.5 | Upgrade |
2018-08-15 | Cormark Securities | 9.5 | 10.5 | Upgrade |
2018-08-15 | Eight Capital | 6.5 | 6.75 | Upgrade |
2018-08-15 | Industrial Alliance Securities | 6.5 | 7 | Upgrade |
2018-08-15 | TD Securities | 7 | 7.5 | Upgrade |
2018-07-10 | Canaccord Genuity | 7 | 6.5 | Downgrade |
2018-07-05 | Raymond James Financial | 6.25 | 6.75 | Upgrade |
2018-05-10 | Canaccord Genuity | 6.5 | 7 | Upgrade |
2018-05-10 | TD Securities | 6 | 6.5 | Upgrade |
2018-04-04 | Eight Capital | 5 | 5.35 | Upgrade |
2018-03-22 | TD Securities | Buy | Action List Buy | Upgrade |
2018-03-20 | CIBC World Markets | 5 | 6 | Upgrade |
2018-03-15 | BMO Capital Markets | Market Perform | Initiate | |
2018-02-05 | Raymond James Financial | 6.25 | 5.25 | Downgrade |
2018-01-11 | BMO Capital Markets | Outperform | Market Perform | Downgrade |
2017-10-06 | Laurentian Bank | 9 | 10 | Upgrade |
2017-05-11 | RBC Capital | Outperform | Maintains | |
2017-02-10 | TD Securities | Buy | Maintains | |
2017-02-09 | Sbank | Focus Stock | Maintains | |
2017-02-09 | Raymond James Financial | Outperform | Maintains | |
2017-02-09 | RBC Capital | Outperform | Maintains | |
2016-11-10 | TD Securities | Buy | Maintains | |
2016-11-10 | Canaccord Genuity | Buy | Maintains | |
2016-06-23 | RBC Capital | Outperform | Maintains | |
2016-03-18 | Raymond James Financial | Outperform | Maintains | |
2016-03-11 | Sbank | Outperform | Sector Perform | Downgrade |
2016-02-16 | Credit Suisse | Neutral | Maintains | |
2016-01-22 | RBC Capital | Sector Perform | Maintains | |
2016-01-22 | Raymond James Financial | Outperform | Maintains | |
2016-01-19 | Canaccord Genuity | Buy | Maintains | |
2015-08-13 | Credit Suisse | Neutral | Maintains | |
2015-07-21 | CIBC World Markets | Sector Outperform | Maintains | |
2015-05-14 | Canaccord Genuity | Buy | Maintains | |
2014-12-05 | Raymond James Financial | Outperform | Maintains | |
2014-12-04 | CIBC World Markets | Outperform | Maintains | |
2014-11-14 | Paradigm Capital | Buy | Maintains | |
2014-11-14 | BMO Capital Markets | Outperform | Maintains | |
2014-11-13 | TD Securities | Hold | Maintains | |
2014-11-13 | Sbank | Sector Outperform | Maintains | |
2014-10-16 | TD Securities | Buy | Hold | Downgrade |
2014-05-15 | RBC Capital | Sector Perform | Maintains | |
2014-05-05 | Haywood Securities | Buy | Initiate | |
2014-04-15 | CIBC World Markets | Sector Outperform | Maintains | |
2014-02-13 | RBC Capital | Sector Perform | Maintains | |
2014-01-16 | National Bank Financial | Outperform | Maintains | |
2014-01-14 | CIBC World Markets | Sector Perform | Outperform | Maintains |
2013-11-15 | RBC Capital | Sector Perform | Maintains | |
2013-08-15 | TD Securities | Hold | Maintains | |
2013-03-14 | Canaccord Genuity | Sell | Maintains | |
2013-02-15 | RBC Capital | Sector Perform | Maintains | |
2024-07-28 | PETERS & CO., LIMITED | Underperform | Underperform | Maintains |
2024-07-27 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
2024-07-22 | TD COWEN | Hold | Hold | Maintains |
2024-05-15 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
2024-05-14 | STIFEL CANADA | Hold | Hold | Maintains |
2024-03-19 | TD SECURITIES | Hold | Hold | Maintains |
2023-12-19 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
2023-11-27 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
2023-11-15 | STIFEL CANADA | Hold | Hold | Maintains |
2023-11-14 | TD SECURITIES | Hold | Hold | Maintains |
2023-11-13 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
2023-11-13 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
2023-11-12 | PETERS & CO., LIMITED | Underperform | Underperform | Maintains |
2025-04-02 | TD COWEN | Hold | Buy | Upgrade |
2025-04-06 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
2025-03-22 | CIBC CAPITAL MARKETS | Neutral | Outperform | Upgrade |
2025-03-14 | CANACCORD GENUITY | Hold | Buy | Upgrade |
2025-03-13 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
2025-03-11 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
2025-02-11 | CANACCORD GENUITY | Hold | Hold | Maintains |
2025-02-11 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
2025-01-07 | TD COWEN | Hold | Hold | Maintains |
2024-12-14 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
2024-12-09 | TD COWEN | Hold | Hold | Maintains |
2024-11-15 | CANACCORD GENUITY | Hold | Hold | Maintains |
2024-11-14 | EIGHT CAPITAL | Neutral | Neutral | Maintains |
2024-11-05 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
2025-07-15 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
2025-07-13 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
2025-07-06 | TD COWEN | Buy | Buy | Maintains |
2025-07-05 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
2025-05-16 | CANACCORD GENUITY | Buy | Buy | Maintains |
2025-05-14 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
Revenue Estimates
The forecasted annual revenue of Birchcliff Energy Ltd. in 2026-12-31 is 31MM. )
Understanding a company’s revenue history gives investors a snapshot of its potential growth. Revenue growth is a solid predictor of earnings (or profit) growth. A company that can increase its revenue while keeping its operating costs constant has more available capital to reinvest into its business or return to shareholders through dividends or share buybacks.
However, investors should be careful before investing in a company that is growing revenue but showing declining earnings or is unprofitable. In some cases, this is simply a case of a young company that is still in an early growth phase. But if this is a mature company, it can indicate that other fundamental problems exist.
Fintel gives you revenue projections for stocks that cover 10 years between 2020 and 2030. Although past performance does not guarantee future results, you can be more confident in your decision to buy or sell a stock when you see a company with revenue that has a track record of increasing its revenue.
Update Frequency: Quarterly
Date | Revenue Average Quarterly (MM) | Number of Analysts (Quarterly) | Revenue Average Annually (MM) | Number of Analysts (Annually) |
---|---|---|---|---|
2025-09-30 | 205 | 2 | -- | -- |
2025-12-31 | 229 | 2 | 34 | 2 |
2026-12-31 | -- | -- | 31 | 2 |
Earnings Estimates
The forecasted annual earnings of Birchcliff Energy Ltd. in 2029-12-31 is 0.97 per share.
One part of an analyst’s rating is a profit (i.e., earnings) estimate for the current quarter and/or future quarters. The measurement given is earnings per share (EPS). EPS is a metric that indicates how much a company earned as represented by one share of its stock over a specific period (typically three months).
To understand the earnings per share calculation, you must understand net income. Net income is the amount of money a company has left over after deducting appropriate expenses and taxes from its revenues).
The formula for earnings per share is net income divided by the total number of outstanding shares (i.e., available for purchase). For example:
Company A has a net income of $100 million and forty million outstanding shares. The EPS calculation is as follows:
100,000,000/40,000,000 = $2.50 per share
Earnings per share is an essential metric for you to consider when deciding to buy a stock. After all, a company with high earnings per share is productive and generates revenue in excess of its operating costs.
However, it’s not the only metric you should use. Metrics like price-to-earnings and debt-to-equity add additional perspective about a company’s health.
You should also be sure to compare a company’s EPS with a company in its sector. However, when you do, be aware that EPS is different and more important than net profit by itself. You may see a company that has a rising net profit. But if its outstanding shares are also rising, then its EPS might be flat or even edging lower.
Update Frequency: Quarterly
Date | EPS Average (Quarterly) | Number of Analysts (Quarterly) | EPS Average (Annual) | Number of Analysts (Annually) |
---|---|---|---|---|
2025-09-30 | 0.08 | 2 | -- | -- |
2025-12-31 | 0.14 | 2 | 1.09 | 2 |
2026-12-31 | -- | -- | 0.80 | 2 |
2027-12-31 | -- | -- | 1.44 | 1 |
2028-12-31 | -- | -- | 1.45 | 1 |
2029-12-31 | -- | -- | 0.97 | 2 |
EBITDA Estimates
The forecasted annual EBITDA of Birchcliff Energy Ltd. in 2025-12-31 is 557MM.
EBIDTA is an acronym that stands for earnings before interest, taxes, depreciation, and amortization. Analysts and investors pay attention to EBITDA because it strips out items that a company must report on its balance sheet but doesn’t significantly impact its business. Here’s an explanation of what that means for each part of the acronym:
Interest: Loan interest and earnings are subject to change based on a company’s financial strategy and, in any event, are not part of its core activities.
Taxes: Taxes are affected by governmental policy that can distort a company’s perceived profitability.
Depreciation: This accounts for the expected depreciation on tangible assets and immaterial goods from company investments. But since these investments may ultimately increase a company’s efficiency and profit potential, they aren’t a good indicator of a company’s current profitability.
Amortization: This shows the gradual writing off of the initial cost of an asset. It differs from depreciation because it is typically used with intangible assets such as intellectual property (e.g., patents, copyrights, etc.)
EBITDA vs. Net IncomeNet income is the profit a company has left over after covering its operating expenses. However, net income includes the items that EBITDA excludes. That’s why most analysts prefer EBITDA because it better reflects the health of a company’s core business.
Update Frequency: Quarterly
EBIT Estimates
The forecasted annual EBIT of Birchcliff Energy Ltd. in 2025-12-31 is 197MM.
EBIT is an acronym that stands for earnings before interest and taxes. Analysts use EBIT to measure a company’s performance because it strips out tax expenses and the costs of the capital structure influencing profit. These don’t significantly impact a company’s business.
Interest: Loan interest and earnings are subject to change based on a company’s financial strategy and, in any event, are not part of its core activities.
Taxes: Taxes are affected by governmental policy that can distort a company’s perceived profitability.
NOTE: EBIT is sometimes synonymous with operating income. However, in some cases, operating income doesn’t include gains or losses from non-core activities.
EBITDA also strips out depreciation and amortization from a company’s earnings:
Depreciation: This accounts for the expected depreciation on tangible assets and immaterial goods from company investments. But since these investments may ultimately increase a company’s efficiency and profit potential, they aren’t a good indicator of a company’s current profitability.
Amortization: This shows the gradual writing off of the initial cost of an asset. It differs from depreciation because it is typically used with intangible assets such as intellectual property (e.g., patents, copyrights, etc.)
Update Frequency: Quarterly