10:55 AM EDT, 05/21/2024 (MT Newswires) -- Birchcliff Energy ( BIREF ) received a $7 price target as the company is expected to "remain flexible" amid low natural gas prices, RBC Capital Markets said Tuesday.

According to RBC, Birchcliff's first-quarter volumes and adjusted funds from operations beat Street estimates, while its 2024 guidance remained relatively unchanged.

RBC said Birchcliff is one of the few stocks in its coverage that continues to trade at a discount to PDP.

The company's share price was down 0.17% to $6.01 at last look.