The stock of Birchcliff Energy Ltd. (TSE:BIR) is a huge mover today! About 139,499 shares traded hands. Birchcliff Energy Ltd. (TSE:BIR) has risen 99.78% since April 18, 2016 and is uptrending. It has outperformed by 95.22% the S&P500.
The move comes after 6 months negative chart setup for the $2.49B company. It was reported on Nov, 22 by Barchart.com. We have $8.46 PT which if reached, will make TSE:BIR worth $124.50 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 13.82% above today’s ($8.9) stock price. Birchcliff Energy Ltd. has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “” rating on Monday, June 6 by Raymond James. Scotia Capital maintained Birchcliff Energy Ltd. (TSE:BIR) rating on Monday, August 22. Scotia Capital has “Focus Stock” rating and $12 price target. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, January 22 report. The company was maintained on Friday, August 12 by Scotia Capital. The firm earned “Outperform” rating on Friday, February 12 by BMO Capital Markets. The firm has “Outperform” rating given on Thursday, February 11 by RBC Capital Markets.
More important 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 published article titled: “Birchcliff Energy Ltd. Just Went All-In on Rising Oil Prices”, 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) was released by: Marketwired.com and their article: “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 $2.49 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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