Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Update

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 12,331,500 shares, a decline of 13.5% from the February 13th total of 14,249,800 shares. Approximately 4.6% of the company’s stock are short sold. Based on an average daily volume of 160,300 shares, the short-interest ratio is presently 76.9 days.

Birchcliff Energy Trading Up 0.8 %

BIREF opened at $4.15 on Wednesday. The stock has a market capitalization of $1.13 billion, a PE ratio of 29.62 and a beta of 0.63. The firm’s fifty day moving average price is $3.99 and its 200 day moving average price is $3.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. Birchcliff Energy has a 12-month low of $3.15 and a 12-month high of $4.83.

Birchcliff Energy (OTCMKTS:BIREF) last released its earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter. Birchcliff Energy had a net margin of 9.39% and a return on equity of 2.49%.

Birchcliff Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.0209 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 2.44%. Birchcliff Energy’s payout ratio is 57.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BIREF shares. Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Cormark raised shares of Birchcliff Energy to a “strong-buy” rating in a report on Thursday, March 13th. Cibc World Mkts raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 13th. Finally, Canaccord Genuity Group raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 13th. Six investment analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, Birchcliff Energy currently has a consensus rating of “Strong Buy”.

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.