Could Birchcliff Energy Ltd. See a Reversal After This Very Strong Session?

 Could Birchcliff Energy Ltd. See a Reversal After This Very Strong Session?

The stock of Birchcliff Energy Ltd. (TSE:BIR) is a huge mover today! About 280,399 shares traded hands. Birchcliff Energy Ltd. (TSE:BIR) has risen 55.85% since April 26, 2016 and is uptrending. It has outperformed by 50.63% the S&P500.
The move comes after 5 months positive chart setup for the $2.19 billion company. It was reported on Nov, 30 by Barchart.com. We have $9.24 PT which if reached, will make TSE:BIR worth $153.30M 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 17.25% above today’s ($8.64) stock price. Birchcliff Energy Ltd. has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Sector Perform” rating and $6 target price in Friday, January 22 report. As per Friday, August 12, the company rating was maintained by Scotia Capital. The stock of Birchcliff Energy Ltd. (TSE:BIR) has “Focus Stock” rating given on Monday, August 22 by Scotia Capital. The company was maintained on Monday, June 6 by Raymond James. The company was initiated on Friday, February 12 by BMO Capital Markets. RBC Capital Markets upgraded Birchcliff Energy Ltd. (TSE:BIR) on Thursday, February 11 to “Outperform” rating.

More notable recent Birchcliff Energy Ltd. (TSE:BIR) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on November 22, 2011, also Marketwired.com with their article: “Birchcliff Energy Ltd. Increases Size of Bought Deal Financing” published on June 22, 2016, Fool.ca published: “Birchcliff Energy Ltd. Just Went All-In on Rising Oil Prices” on September 12, 2016. More interesting news about Birchcliff Energy Ltd. (TSE:BIR) were released by: Business.Financialpost.com and their article: “Seymour Schulich lightens up on Birchcliff Energy ownership, sells for estate …” published on August 09, 2016 as well as Marketwired.com‘s news article titled: “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 $2.19 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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