Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Down 18.6% in December

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 2,207,268 shares, a drop of 18.6% from the December 15th total of 2,712,227 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 145,109 shares, the days-to-cover ratio is presently 15.2 days. Based on an average trading volume of 145,109 shares, the days-to-cover ratio is presently 15.2 days. Currently, 0.8% of the company’s stock are short sold.

Birchcliff Energy Price Performance

Shares of OTCMKTS:BIREF opened at $4.95 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.36 billion, a PE ratio of 27.50 and a beta of 0.43. The firm’s 50 day moving average price is $5.28 and its 200-day moving average price is $4.83. Birchcliff Energy has a twelve month low of $3.34 and a twelve month high of $5.90.

Birchcliff Energy (OTCMKTS:BIREF) last announced its earnings results on Wednesday, November 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). The business had revenue of $107.43 million for the quarter, compared to analysts’ expectations of $111.85 million. Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%.

Analysts Set New Price Targets

BIREF has been the topic of a number of recent research reports. BMO Capital Markets upgraded shares of Birchcliff Energy from a “hold” rating to an “outperform” rating in a report on Monday, December 15th. CIBC downgraded shares of Birchcliff Energy to a “neutral” rating in a research note on Thursday. Cibc Captl Mkts downgraded shares of Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, TD Securities restated a “buy” rating on shares of Birchcliff Energy in a report on Tuesday, September 30th. Five equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. (OTCMKTS: BIREF) is a Canada-based exploration and production company headquartered in Calgary, Alberta. Since its founding in 2000, Birchcliff has focused on developing natural gas, natural gas liquids and light oil resources in Western Canada. The company is publicly listed on the Toronto Stock Exchange and the OTC Markets and maintains an integrated asset base to support its upstream and midstream activities.

The company’s core operations are concentrated in the Montney formation of northeastern British Columbia and northwestern Alberta, one of North America’s largest unconventional resource plays.