Today, the Vice-President Engineering of Birchcliff Energy (BIREF), Christopher Andrew Carlsen, bought shares of BIREF for $13.48K.
Following this transaction Christopher Andrew Carlsen’s holding in the company was increased by 4% to a total of $245.3K. Following Christopher Andrew Carlsen’s last BIREF Buy transaction on March 17, 2020, the stock climbed by 1.0%.
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Based on Birchcliff Energy’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $147 million and GAAP net loss of -$16,646,000. In comparison, last year the company earned revenue of $131 million and had a GAAP net loss of $45.84 million. Currently, Birchcliff Energy has an average volume of 51.81K. BIREF’s market cap is $433 million and the company has a P/E ratio of -4.60.
Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $2.29, reflecting a -35.2% downside. Six different firms, including National Bank and CIBC, currently also have a Buy rating on the stock.
The insider sentiment on Birchcliff Energy has been positive according to 38 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Christopher Andrew Carlsen’s trades have generated a 18.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
