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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 9,642,400 shares, a decrease of 21.8% from the February 28th total of 12,331,500 shares. Based on an average trading volume of 181,600 shares, the short-interest ratio is currently 53.1 days. Currently, 3.6% of the shares of the company are short sold.

Birchcliff Energy Stock Down 0.4 %

BIREF opened at $4.63 on Tuesday. The business has a 50 day moving average price of $4.08 and a two-hundred day moving average price of $3.92. Birchcliff Energy has a 52 week low of $3.15 and a 52 week high of $4.83. The company has a market cap of $1.26 billion, a PE ratio of 33.09 and a beta of 0.63. 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 posted its quarterly earnings data 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 company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.0209 per share. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 2.44%. Birchcliff Energy’s dividend payout ratio (DPR) is 57.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Cibc World Mkts upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. TD Securities upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. National Bank Financial upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Cormark upgraded shares of Birchcliff Energy to a “strong-buy” rating in a research report on Thursday, March 13th. Finally, Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Six research analysts have rated the stock with a strong buy rating, According to data from MarketBeat, Birchcliff Energy presently 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.