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RBC Capital Sticks to Its Buy Rating for Birchcliff Energy (BIREF)

RBC Capital Sticks to Its Buy Rating for Birchcliff Energy (BIREF)

Business Insider7 hours ago
RBC Capital analyst Michael Harvey maintained a Buy rating on Birchcliff Energy on August 18 and set a price target of C$8.00. The company's shares closed yesterday at $4.34.
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Harvey covers the Energy sector, focusing on stocks such as Tourmaline Oil, ARC Resources, and Birchcliff Energy. According to TipRanks, Harvey has an average return of 16.7% and a 55.42% success rate on recommended stocks.
In addition to RBC Capital, Birchcliff Energy also received a Buy from Raymond James's Luke Davis in a report issued on August 14. However, on August 13, BMO Capital maintained a Hold rating on Birchcliff Energy (Other OTC: BIREF).
The company has a one-year high of $5.71 and a one-year low of $3.15. Currently, Birchcliff Energy has an average volume of 67.12K.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BIREF in relation to earlier this year.
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