The stock of Northern Blizzard Resources Inc (TSE:NBZ) is a huge mover today! About 13,278 shares traded hands. Northern Blizzard Resources Inc (TSE:NBZ) has declined 19.07% since April 1, 2016 and is downtrending. It has underperformed by 21.03% the S&P500.
The move comes after 9 months positive chart setup for the $402.66 million company. It was reported on Nov, 8 by Barchart.com. We have $4.97 PT which if reached, will make TSE:NBZ worth $217.44M more.
Northern Blizzard Resources Inc (TSE:NBZ) Ratings Coverage
Out of 6 analysts covering Northern Blizzard Resources (TSE:NBZ), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. $13 is the highest target while $4 is the lowest. The $5.04 average target is 56.04% above today’s ($3.23) stock price. Northern Blizzard Resources has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. IBC initiated the stock with “Sector Perform” rating in Wednesday, June 15 report. The stock of Northern Blizzard Resources Inc (TSE:NBZ) earned “Sector Perform” rating by Scotia Capital on Thursday, June 9. The stock of Northern Blizzard Resources Inc (TSE:NBZ) has “Underperform” rating given on Friday, September 9 by BMO Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, December 22. On Tuesday, October 6 the stock rating was initiated by GMP Securities with “Buy”.
More news for Northern Blizzard Resources Inc (TSE:NBZ) were recently published by: Bloomberg.com, which released: “Northern Blizzard Seeks $500 Million in IPO This Month” on July 09, 2014. Moodys.com‘s article titled: “Moody’s downgrades Northern Blizzard’s CFR to B2; outlook negative” and published on February 03, 2016 is yet another important article.
Northern Blizzard Resources Inc. is a Canada crude oil production and development firm focused on maximizing oil recovery from its heavy oil resource base. The company has a market cap of $402.66 million. The Firm is engaged in the exploration for and the acquisition, development and production of petroleum and natural gas reserves in western Canada. It currently has negative earnings. The Company’s properties include Cactus Lake, Winter, Court, Smiley, Coleville, Cuthbert, Thermal, Westhazel, Hearts Hill, Mantario and Senlac.
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