Short Interest in Birchcliff Energy Ltd. (OTCMKTS:BIREF) Grows By 12.7%

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 11,342,300 shares, a growth of 12.7% from the May 31st total of 10,064,700 shares. Based on an average daily trading volume, of 150,300 shares, the short-interest ratio is presently 75.5 days.

Birchcliff Energy Stock Up 2.0 %

Shares of BIREF stock opened at $4.40 on Wednesday. The stock has a market cap of $1.18 billion, a P/E ratio of 40.00 and a beta of 0.63. Birchcliff Energy has a 52 week low of $3.42 and a 52 week high of $6.49. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $4.35 and its two-hundred day simple moving average is $4.14.

Birchcliff Energy (OTCMKTS:BIREF) last announced its earnings results on Wednesday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $121.14 million for the quarter. Birchcliff Energy had a net margin of 5.41% and a return on equity of 1.67%.

Birchcliff Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a dividend of $0.0734 per share. This represents a dividend yield of 6.55%. The ex-dividend date of this dividend was Friday, June 14th. Birchcliff Energy’s dividend payout ratio is 263.66%.

Analyst Ratings Changes

Several analysts have commented on the stock. Cibc World Mkts upgraded shares of Birchcliff Energy to a “hold” rating in a research note on Thursday, May 16th. Scotiabank upgraded shares of Birchcliff Energy to a “hold” rating in a research note on Friday, June 14th.

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.