Can Birchcliff Energy Ltd.’s Tomorrow Be Different? The Stock Increases Again

 Can Birchcliff Energy Ltd.'s Tomorrow Be Different? The Stock Increases Again

The stock of Birchcliff Energy Ltd. (TSE:BIR) is a huge mover today! About 249,448 shares traded hands. Birchcliff Energy Ltd. (TSE:BIR) has risen 97.25% since April 11, 2016 and is uptrending. It has outperformed by 93.32% the S&P500.
The move comes after 8 months positive chart setup for the $2.45B company. It was reported on Nov, 15 by Barchart.com. We have $11.44 PT which if reached, will make TSE:BIR worth $686.00 million 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 13.31% above today’s ($8.94) stock price. Birchcliff Energy Ltd. has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, February 11 by RBC Capital Markets. As per Monday, June 6, the company rating was maintained by Raymond James. As per Friday, August 12, the company rating was maintained by Scotia Capital. The stock of Birchcliff Energy Ltd. (TSE:BIR) earned “Focus Stock” rating by Scotia Capital on Monday, August 22. The rating was initiated by BMO Capital Markets with “Outperform” on Friday, February 12. The stock of Birchcliff Energy Ltd. (TSE:BIR) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 22.

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 Fool.ca with their article: “Birchcliff Energy Ltd. Just Went All-In on Rising Oil Prices” published on September 12, 2016, Business.Financialpost.com published: “Seymour Schulich lightens up on Birchcliff Energy ownership, sells for estate …” on August 09, 2016. More interesting news about Birchcliff Energy Ltd. (TSE:BIR) were released by: Marketwired.com and their article: “Birchcliff Energy Ltd. Announces Closing of Strategic Montney/Doig Acquisition …” published on July 28, 2016 as well as Business.Financialpost.com‘s news article titled: “Birchcliff Energy establishes a quarterly dividend despite posting a loss” with publication date: November 09, 2016.

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The company has a market cap of $2.45 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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