The stock of Northern Blizzard Resources Inc (TSE:NBZ) is a huge mover today! About 164,318 shares traded hands or 5.04% up from the average. Northern Blizzard Resources Inc (TSE:NBZ) has declined 11.39% since April 15, 2016 and is downtrending. It has underperformed by 15.25% the S&P500.
The move comes after 6 months positive chart setup for the $458.14M company. It was reported on Nov, 21 by Barchart.com. We have $9.05 PT which if reached, will make TSE:NBZ worth $650.56 million 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 $4.88 average target is 30.48% above today’s ($3.74) stock price. Northern Blizzard Resources has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, December 22 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. On Friday, September 9 the stock rating was maintained by BMO Capital Markets with “Underperform”. IBC initiated it with “Sector Perform” rating and $5 target price in Wednesday, June 15 report. On Tuesday, October 6 the stock rating was initiated by GMP Securities with “Buy”. Scotia Capital maintained it with “Sector Perform” rating and $5.75 target price in Thursday, June 9 report.
More news for Northern Blizzard Resources Inc (TSE:NBZ) were recently published by: Reuters.com, which released: “BRIEF-Northern Blizzard Resources Inc. announces third quarter 2016 result…” on November 14, 2016. Bloomberg.com‘s article titled: “Northern Blizzard Seeks $500 Million in IPO This Month” and published on July 09, 2014 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 $458.14 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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