Today’s Rating Alert: TD Securities Reiterates Northern Blizzard Resources (TSE:NBZ) As “Buy”; Has TP Of $5.00

November 29, 2016 - By whatsonthorold

Northern Blizzard Resources (TSE:NBZ) Rating

Northern Blizzard Resources (TSE:NBZ) had its stock rating noted as “Buy” by analysts at TD Securities. TD Securities currently has a $5.00 price target on the $398.03 million market cap company or 45.77% upside potential. This was revealed to clients and investors in analysts report on Tuesday morning.

Northern Blizzard Resources Inc (TSE:NBZ) Ratings Coverage

Out of 6 analysts covering Northern Blizzard Resources (TSE:NBZ), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. $13 is the highest target while $4 is the lowest. The $4.88 average target is 41.45% above today’s ($3.45) stock price. Northern Blizzard Resources has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Thursday, June 9 by Scotia Capital. The firm has “Buy” rating by GMP Securities given on Tuesday, October 6. The firm has “Sector Perform” rating given on Tuesday, December 22 by RBC Capital Markets. BMO Capital Markets maintained it with “Underperform” rating and $4 target price in Friday, September 9 report. As per Wednesday, June 15, the company rating was initiated by IBC.

The stock increased 0.88% or $0.03 on November 29, hitting $3.45. About 174,094 shares traded hands or 10.06% up from the average. Northern Blizzard Resources Inc (TSE:NBZ) has declined 17.99% since April 25, 2016 and is downtrending. It has underperformed by 23.25% the S&P500.

Northern Blizzard Resources Inc. is a Canada crude oil production and development firm focused on maximizing oil recovery from its heavy oil resource base. The company has a market cap of $398.03 million. The Firm is engaged in the exploration for and the acquisition, development and production of petroleum and natural gas reserves in western Canada. It currently has negative earnings. The Company’s properties include Cactus Lake, Winter, Court, Smiley, Coleville, Cuthbert, Thermal, Westhazel, Hearts Hill, Mantario and Senlac.

More recent Northern Blizzard Resources Inc (TSE:NBZ) news were published by: Reuters.com which released: “BRIEF-Northern Blizzard Resources Inc announces $58 million non-core asset…” on November 28, 2016. Also Reuters.com published the news titled: “BRIEF-Northern Blizzard Resources Inc. announces third quarter 2016 result…” on November 14, 2016. Moodys.com‘s news article titled: “Moody’s downgrades Northern Blizzard’s CFR to B2; outlook negative” with publication date: February 03, 2016 was also an interesting one.

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