CIBC Sticks to Their Hold Rating for Birchcliff Energy (BIREF)

CIBC analyst David Popowich maintained a Hold rating on Birchcliff Energy (BIREFResearch Report) today and set a price target of C$8.00. The company’s shares closed last Thursday at $5.07.

Popowich has an average return of 91.0% when recommending Birchcliff Energy.

According to, Popowich is ranked #1445 out of 7790 analysts.

Birchcliff Energy has an analyst consensus of Strong Buy, with a price target consensus of $7.29.

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The company has a one-year high of $6.25 and a one-year low of $2.00. Currently, Birchcliff Energy has an average volume of 69.7K.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BIREF in relation to earlier this year.

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Birchcliff Energy Ltd. is an intermediate oil and natural gas company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids (NGLs). Its properties include Peace River Arch, and the Montney/Doig Resource Play. The company was founded by Myles R. Bosman, Gordon W. Cameron, Bruno P. Geremia, Laurence A. Shaw, Werner A. Siemens, James W. Surbey, and A. Jeffery Tonken on July 6, 2004 and is headquartered in Calgary, Canada.

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