Blackbird Energy Inc (CVE:BBI) had its price objective lowered by research analysts at Haywood Securities from C$0.40 to C$0.35 in a report released on Thursday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the stock. Haywood Securities’ price objective indicates a potential upside of 125.81% from the company’s current price.

A number of other brokerages have also recently commented on BBI. National Bank Financial dropped their price target on Blackbird Energy from C$0.60 to C$0.50 and set an “outperform” rating for the company in a research note on Thursday, December 3rd. Paradigm Capital lowered their target price on Blackbird Energy from C$0.40 to C$0.13 in a research report on Wednesday, January 20th.

Blackbird Energy Inc. is a Canada-based company, engaged in the acquisition, development and production of petroleum and gas interests. The Company holds 100% Working Interest in 127 sections of the Elmworth project located in the Elmworth area of Alberta. It also holds 100% interest in the 2.1 section Mantario Heavy Oil project. It owns 30.0 net sections of land with prospective targets in the Flaxcombe/Alsask project. The Company also owns non-operated low working interest properties, including Ferrier, Watts, Pembina and Badger properties. It owns 24% to 50% working interest in four properties in Alberta. The Company also owns certain oil and gas assets of the Bromhead Project consisting of two sections of petroleum and natural gas rights comprising a total of 1,280 acres located in Bromhead in South East Saskatchewan. It owns 50% non-operated working interest in the Bigstone Asset. Its subsidiaries include Pennant Energy Inc., Ruger Energy Inc and Blackbird Energy Holdings LLC.

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