Can Birchcliff Energy Ltd.’s Tomorrow be Different? The Stock Declines Again

 Can Birchcliff Energy Ltd.'s Tomorrow be Different? The Stock Declines Again

The stock of Birchcliff Energy Ltd. (TSE:BIR) is a huge mover today! About 383,988 shares traded hands. Birchcliff Energy Ltd. (TSE:BIR) has risen 93.28% since April 6, 2016 and is uptrending. It has outperformed by 87.63% the S&P500.
The move comes after 7 months negative chart setup for the $2.43 billion company. It was reported on Nov, 10 by Barchart.com. We have $8.14 PT which if reached, will make TSE:BIR worth $170.10 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 15.77% above today’s ($8.75) stock price. Birchcliff Energy Ltd. has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, February 11 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The rating was maintained by Scotia Capital on Friday, August 12 with “Focus Stock”. The stock of Birchcliff Energy Ltd. (TSE:BIR) has “Focus Stock” rating given on Monday, August 22 by Scotia Capital. The stock of Birchcliff Energy Ltd. (TSE:BIR) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 22. The rating was initiated by BMO Capital Markets on Friday, February 12 with “Outperform”. The firm has “” rating given on Monday, June 6 by Raymond James.

More notable recent Birchcliff Energy Ltd. (TSE:BIR) news were published by: Business.Financialpost.com which released: “Birchcliff Energy establishes a quarterly dividend despite posting a loss” on November 09, 2016, also Reuters.com with their article: “BRIEF-Birchcliff Energy Ltd reports Q3 loss per share of C$0.01” published on November 09, 2016, Marketwired.com published: “Birchcliff Energy Ltd. Increases Size of Bought Deal Financing” on June 22, 2016. More interesting news about Birchcliff Energy Ltd. (TSE:BIR) were released by: Marketwired.com and their article: “Birchcliff Energy Ltd. Announces Closing of Financings for Gross Proceeds of …” published on July 13, 2016 as well as Business.Financialpost.com‘s news article titled: “Seymour Schulich lightens up on Birchcliff Energy ownership, sells for estate …” with publication date: August 09, 2016.

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The company has a market cap of $2.43 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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