Is Birchcliff Energy Ltd. a Buy? The Stock Rises Again

 Is Birchcliff Energy Ltd. a Buy? The Stock Rises Again

The stock of Birchcliff Energy Ltd. (TSE:BIR) is a huge mover today! About 371,159 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 6 months positive chart setup for the $2.38 billion company. It was reported on Oct, 18 by Barchart.com. We have $14.03 PT which if reached, will make TSE:BIR worth $1.26B more.

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 10.47% above today’s ($9.17) stock price. Birchcliff Energy Ltd. has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Birchcliff Energy Ltd. (TSE:BIR) on Monday, August 22 with “Focus Stock” rating. The rating was maintained by RBC Capital Markets on Friday, January 22 with “Sector Perform”. The stock of Birchcliff Energy Ltd. (TSE:BIR) has “Outperform” rating given on Friday, February 12 by BMO Capital Markets. The stock of Birchcliff Energy Ltd. (TSE:BIR) earned “” rating by Raymond James on Monday, June 6. The stock of Birchcliff Energy Ltd. (TSE:BIR) has “Outperform” rating given on Thursday, February 11 by RBC Capital Markets. Scotia Capital maintained the stock with “Focus Stock” rating in Friday, August 12 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 $2.38 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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