Birchcliff Energy (BIR) Sets New 52-Week Low at $3.15
Shares of Birchcliff Energy Ltd. (TSE:BIR) reached a new 52-week low on Wednesday . The company traded as low as C$3.15 and last traded at C$3.17, with a volume of 1332338 shares trading hands. The stock had previously closed at C$3.30.
A number of analysts have recently commented on the stock. Raymond James Financial reduced their price target on shares of Birchcliff Energy from C$6.25 to C$5.25 in a research note on Monday. National Bank Financial reduced their price target on shares of Birchcliff Energy from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research note on Tuesday, January 9th. CIBC reduced their price target on shares of Birchcliff Energy from C$7.50 to C$6.00 in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets lowered shares of Birchcliff Energy from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$7.50 to C$4.00 in a research note on Thursday, January 11th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Birchcliff Energy currently has an average rating of “Buy” and a consensus target price of C$8.90.
The stock has a market capitalization of $860.65, a P/E ratio of -12.80 and a beta of 0.18.
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About Birchcliff Energy
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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