Could Birchcliff Energy Ltd. Recover After Today’s Huge Decline?

 Could Birchcliff Energy Ltd. Recover After Today's Huge Decline?

The stock of Birchcliff Energy Ltd. (TSE:BIR) is a huge mover today! About 485,854 shares traded hands. Birchcliff Energy Ltd. (TSE:BIR) has risen 62.09% since March 11, 2016 and is uptrending. It has outperformed by 56.60% the S&P500.
The move comes after 7 months negative chart setup for the $2.40B company. It was reported on Oct, 18 by Barchart.com. We have $8.71 PT which if reached, will make TSE:BIR worth $144.00 million less.

Birchcliff Energy Ltd. (TSE:BIR) Ratings Coverage

Out of 7 analysts covering Birchcliff Energy Ltd. (TSE:BIR), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $12.50 is the highest target while $4.85 is the lowest. The $10.13 average target is 9.28% above today’s ($9.27) stock price. Birchcliff Energy Ltd. has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Focus Stock” rating by Scotia Capital given on Friday, August 12. RBC Capital Markets upgraded Birchcliff Energy Ltd. (TSE:BIR) on Thursday, February 11 to “Outperform” rating. RBC Capital Markets maintained Birchcliff Energy Ltd. (TSE:BIR) rating on Friday, January 22. RBC Capital Markets has “Sector Perform” rating and $6 price target. The stock of Birchcliff Energy Ltd. (TSE:BIR) has “Outperform” rating given on Friday, February 12 by BMO Capital Markets. The firm has “Focus Stock” rating given on Monday, August 22 by Scotia Capital. Raymond James maintained it with “” rating and $8.50 target price in Monday, June 6 report.

More notable recent Birchcliff Energy Ltd. (TSE:BIR) news were published by: Marketwired.com which released: “Birchcliff Energy Ltd. Increases Size of Bought Deal Financing” on June 22, 2016, also Marketwired.com with their article: “Birchcliff Energy Ltd. Announces Closing of Financings for Gross Proceeds of …” published on July 13, 2016, Fool.ca published: “Birchcliff Energy Ltd. Just Went All-In on Rising Oil Prices” on September 12, 2016. More interesting news about Birchcliff Energy Ltd. (TSE:BIR) were released by: Business.Financialpost.com and their article: “Seymour Schulich lightens up on Birchcliff Energy ownership, sells for estate …” published on August 09, 2016 as well as Marketwired.com‘s news article titled: “Birchcliff Energy Ltd. Announces Closing of Strategic Montney/Doig Acquisition …” with publication date: July 28, 2016.

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The company has a market cap of $2.40 billion. The Firm is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. It currently has negative earnings. The Company’s activities are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.

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