Short Interest in Birchcliff Energy Ltd. (OTCMKTS:BIREF) Decreases By 7.2%

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw a significant decrease in short interest in 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 volume of 173,300 shares, the days-to-cover ratio is presently 87.6 days.

Birchcliff Energy Trading Down 1.7 %

Shares of BIREF stock opened at $4.08 on Tuesday. The stock has a 50-day simple moving average of $3.85 and a 200 day simple moving average of $3.97. Birchcliff Energy has a fifty-two week low of $3.15 and a fifty-two week high of $4.83. The stock has a market capitalization of $1.11 billion, a P/E ratio of 102.04 and a beta of 0.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share 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 business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.0714 dividend. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 8.06%. Birchcliff Energy’s dividend payout ratio (DPR) is 700.18%.

Analysts Set New Price Targets

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

About Birchcliff Energy

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.