Birchcliff Energy (BIR) Sets New 52-Week Low at $3.99
Birchcliff Energy Ltd. (TSE:BIR) reached a new 52-week low during trading on Monday . The stock traded as low as C$3.99 and last traded at C$4.05, with a volume of 972557 shares. The stock had previously closed at C$4.27.
BIR has been the subject of several recent research reports. Cormark raised their target price on shares of Birchcliff Energy from C$9.50 to C$10.50 in a report on Wednesday, August 15th. Raymond James reduced their target price on shares of Birchcliff Energy from C$7.25 to C$7.00 in a report on Friday, October 5th. CIBC raised their target price on shares of Birchcliff Energy from C$6.00 to C$6.50 in a report on Wednesday, August 15th. TD Securities raised their target price on shares of Birchcliff Energy from C$7.00 to C$7.50 in a report on Wednesday, August 15th. Finally, BMO Capital Markets raised their target price on shares of Birchcliff Energy from C$5.00 to C$5.50 in a report on Wednesday, August 15th. One equities research 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 company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$7.16.
The company has a debt-to-equity ratio of 39.06, a quick ratio of 0.42 and a current ratio of 0.53.
In other Birchcliff Energy news, insider David Humphreys sold 8,200 shares of Birchcliff Energy stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of C$4.40, for a total value of C$36,080.00.
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About Birchcliff Energy (TSE:BIR)
Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces natural gas, light oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other natural gas, crude oil, and natural gas liquids assets located in the Peace River Arch area of Alberta.
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