Northern Blizzard Resources Inc. (NBZ) Earns “Underperform” Rating from BMO Capital Markets
Northern Blizzard Resources Inc. (TSE:NBZ)‘s stock had its “underperform” rating reissued by stock analysts at BMO Capital Markets in a research note issued to investors on Tuesday. They presently have a C$3.75 target price on the oil and gas exploration company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 4.17% from the company’s current price.
A number of other research firms have also recently commented on NBZ. TD Securities decreased their price target on Northern Blizzard Resources from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Friday, August 12th. CIBC decreased their price target on Northern Blizzard Resources from C$5.00 to C$4.50 in a research note on Wednesday, October 19th. Scotiabank restated a “sector perform” rating and set a C$4.75 price target on shares of Northern Blizzard Resources in a research note on Tuesday, November 15th. RBC Capital Markets decreased their price target on Northern Blizzard Resources from C$5.00 to C$4.50 in a research note on Thursday, October 13th. Finally, Royal Bank Of Canada decreased their price target on Northern Blizzard Resources from C$5.00 to C$4.50 in a research note on Thursday, October 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$4.50.
Shares of Northern Blizzard Resources (TSE:NBZ) traded up 0.29% on Tuesday, reaching $3.43. The company had a trading volume of 106,663 shares. The firm’s 50 day moving average is $3.52 and its 200 day moving average is $4.15. Northern Blizzard Resources has a 12 month low of $2.76 and a 12 month high of $4.99. The firm’s market capitalization is $416.55 million.
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Northern Blizzard Resources Company Profile
Northern Blizzard Resources Inc is a Canada-based crude oil production and development company focused on maximizing oil recovery from its heavy oil resource base. The Company is engaged in the exploration for and the acquisition, development and production of petroleum and natural gas reserves in western Canada.
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