Shares of Birchcliff Energy Ltd. (TSE:BIR) traded down 5.5% during trading on Tuesday . The stock traded as low as C$3.11 and last traded at C$3.12. 1,651,042 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 2,513,881 shares. The stock had previously closed at C$3.30.
Several analysts have commented on the stock. Raymond James Financial lowered their target price on shares of Birchcliff Energy from C$6.25 to C$5.25 in a research note on Monday, February 5th. National Bank Financial decreased their price target on shares of Birchcliff Energy from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Tuesday, January 9th. CIBC decreased their price target on shares of Birchcliff Energy from C$7.50 to C$6.00 in a report on Tuesday, January 23rd. Finally, BMO Capital Markets lowered shares of Birchcliff Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$7.50 to C$4.00 in a report on Thursday, January 11th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Birchcliff Energy currently has a consensus rating of “Buy” and a consensus target price of C$8.81.
The stock has a market capitalization of $859.74, a price-to-earnings ratio of -12.92 and a beta of 0.18.
Birchcliff Energy Company Profile
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations 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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