Birchcliff Energy Ltd. (BIR) PT Raised to C$11.00 at Royal Bank Of Canada
Birchcliff Energy Ltd. (TSE:BIR) had its price objective hoisted by analysts at Royal Bank Of Canada from C$9.00 to C$11.00 in a research note issued to investors on Thursday. Royal Bank Of Canada’s price target indicates a potential upside of 77.42% from the stock’s previous close.
Birchcliff Energy (BIR) traded down 1.532% on Thursday, reaching $6.105. The company had a trading volume of 267,006 shares. Birchcliff Energy has a 12 month low of $5.33 and a 12 month high of $10.50. The company’s 50 day moving average price is $5.95 and its 200-day moving average price is $7.08. The company has a market capitalization of $1.62 billion and a price-to-earnings ratio of 101.750.
In other news, insider Christopher Andrew Carlsen bought 4,100 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was bought at an average price of C$6.36 per share, for a total transaction of C$26,076.00. Also, insider Bruno P. Geremia bought 10,000 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were purchased at an average price of C$6.75 per share, with a total value of C$67,500.00. In the last 90 days, insiders have bought 29,925 shares of company stock valued at $201,262.
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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