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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 17,244,500 shares, an increase of 5.5% from the December 31st total of 16,349,600 shares. Based on an average trading volume of 129,500 shares, the days-to-cover ratio is currently 133.2 days.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BIREF. TD Securities raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Scotiabank upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th.

Birchcliff Energy Stock Up 1.0 %

Shares of OTCMKTS BIREF opened at $4.01 on Wednesday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 100.28 and a beta of 0.62. Birchcliff Energy has a 12-month low of $3.15 and a 12-month high of $4.83. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $3.78 and its 200-day moving average price is $3.99.

Birchcliff Energy Cuts Dividend

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

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.