Birchcliff Energy Ltd. (TSE:BIR)’s share price reached a new 52-week low on Monday . The company traded as low as C$3.88 and last traded at C$4.00, with a volume of 2021797 shares changing hands. The stock had previously closed at C$4.08.
BIR has been the topic of several research analyst reports. Raymond James Financial decreased their target price on shares of 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. Laurentian decreased their target price on shares of Birchcliff Energy from C$10.00 to C$9.00 in a research report on Friday, October 6th. Finally, Laurentian Bank of Canada boosted their target price on shares of Birchcliff Energy from C$9.00 to C$10.00 in a research report on Friday, October 6th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$10.83.
The stock has a market cap of $1,040.00, a P/E ratio of -15.60 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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