Shares of Birchcliff Energy Ltd. (TSE:BIR) traded down 3.7% on Thursday . The company traded as low as C$4.34 and last traded at C$4.37. 2,439,138 shares were traded during trading, an increase of 45% from the average session volume of 1,680,127 shares. The stock had previously closed at C$4.54.
Several analysts recently commented on the company. Laurentian lowered their target price on Birchcliff Energy from C$10.00 to C$9.00 in a research report on Friday, October 6th. Laurentian Bank of Canada raised their target price on Birchcliff Energy from C$9.00 to C$10.00 in a research report on Friday, October 6th. Finally, Raymond James Financial lowered their target price on Birchcliff Energy from C$10.00 to C$9.50 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$10.83.
The firm has a market cap of $1,080.00, a P/E ratio of -17.48 and a beta of 0.39.
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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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