Birchcliff Energy Ltd. (TSE:BIR) reached a new 52-week low during trading on Tuesday . The company traded as low as C$4.92 and last traded at C$5.00, with a volume of 1351728 shares traded. The stock had previously closed at C$5.07.
A number of equities research analysts recently commented on the company. National Bank Financial decreased their price target on Birchcliff Energy from C$10.00 to C$9.25 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. decreased their price objective 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. Laurentian decreased their price objective on Birchcliff Energy from C$10.00 to C$9.00 in a research report on Friday, October 6th. Finally, Laurentian Bank of Canada increased their price objective on Birchcliff Energy from C$9.00 to C$10.00 in a research report on Friday, October 6th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Birchcliff Energy presently has an average rating of “Buy” and a consensus price target of C$11.05.
In related news, insider Myles Bosman purchased 5,700 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were bought at an average price of C$5.56 per share, with a total value of C$31,692.00. In the last three months, insiders bought 15,900 shares of company stock worth $89,231.
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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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