BMO Capital Remains a Hold on Birchcliff Energy (BIREF)

In a report released today, Randy Ollenberger from BMO Capital maintained a Hold rating on Birchcliff Energy (BIREF – Research Report), with a price target of C$5.50. The company’s shares opened today at $3.90.

Ollenberger covers the Energy sector, focusing on stocks such as Birchcliff Energy, Cenovus Energy, and Whitecap Resources. According to TipRanks, Ollenberger has an average return of 12.6% and a 57.60% success rate on recommended stocks.

In addition to BMO Capital, Birchcliff Energy also received a Hold from Scotiabank’s Cameron Bean in a report issued on March 14. However, on March 25, RBC Capital maintained a Buy rating on Birchcliff Energy (Other OTC: BIREF).

The company has a one-year high of $6.01 and a one-year low of $3.35. Currently, Birchcliff Energy has an average volume of 161.2K.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is neutral on the stock.

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Birchcliff Energy (BIREF) Company Description:

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.