Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Down 7.2% in January

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 15,188,500 shares, a decrease of 7.2% from the January 15th total of 16,360,900 shares. Based on an average daily trading volume, of 173,300 shares, the short-interest ratio is currently 87.6 days.

Birchcliff Energy Stock Up 3.7 %

Shares of Birchcliff Energy stock opened at $4.23 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $3.85 and a 200 day moving average price of $3.97. Birchcliff Energy has a fifty-two week low of $3.15 and a fifty-two week high of $4.83. The firm has a market cap of $1.15 billion, a P/E ratio of 105.78 and a beta of 0.62.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter. Birchcliff Energy had a return on equity of 0.68% and a net margin of 2.43%.

Birchcliff Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.0714 dividend. This represents a dividend yield of 8.06%. The ex-dividend date was Friday, December 13th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 700.18%.

Analysts Set New Price Targets

BIREF has been the topic of several recent analyst reports. National Bank Financial upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. TD Securities upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Scotiabank upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.