Birchcliff Energy Ltd. (OTCMKTS:BIREF) Sees Large Increase in Short Interest

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 13,481,600 shares, an increase of 5.9% from the July 31st total of 12,728,100 shares. Based on an average daily volume of 119,000 shares, the days-to-cover ratio is currently 113.3 days.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Cibc World Mkts upgraded Birchcliff Energy to a “hold” rating in a research note on Thursday, May 16th. Scotiabank raised shares of Birchcliff Energy to a “hold” rating in a report on Friday, June 14th.

Birchcliff Energy Trading Down 1.0 %

Shares of Birchcliff Energy stock opened at $4.37 on Tuesday. The business has a fifty day simple moving average of $4.42 and a 200-day simple moving average of $4.24. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 39.70 and a beta of 0.63. Birchcliff Energy has a fifty-two week low of $3.42 and a fifty-two week high of $6.34. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.20.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $107.42 million for the quarter. Birchcliff Energy had a return on equity of 1.81% and a net margin of 6.05%.

Birchcliff Energy Cuts Dividend

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

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.