Birchcliff Energy (OTCMKTS:BIREF) Stock Crosses Below Fifty Day Moving Average of $1.21

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Birchcliff Energy Ltd. (OTCMKTS:BIREF)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.21 and traded as low as $1.09. Birchcliff Energy shares last traded at $1.14, with a volume of 99,496 shares traded.

Several research firms recently commented on BIREF. Stifel Nicolaus boosted their price target on Birchcliff Energy from $2.25 to $3.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Royal Bank of Canada boosted their price target on Birchcliff Energy from $1.50 to $1.75 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. Raymond James upgraded Birchcliff Energy to a “buy” rating and set a $2.00 price target on the stock in a research note on Thursday, July 16th. Canaccord Genuity reiterated a “buy” rating and issued a $2.50 price target on shares of Birchcliff Energy in a research note on Thursday, August 13th. Finally, BMO Capital Markets boosted their price target on Birchcliff Energy from $1.50 to $2.00 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $2.25.

The company has a 50 day simple moving average of $1.21 and a 200-day simple moving average of $0.96.

About Birchcliff Energy (OTCMKTS:BIREF)

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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