Short Interest in Birchcliff Energy Ltd. (OTCMKTS:BIREF) Expands By 5.9%

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw 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 trading volume of 119,000 shares, the short-interest ratio is presently 113.3 days.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Scotiabank raised Birchcliff Energy to a “hold” rating in a report on Friday, June 14th. Cibc World Mkts raised Birchcliff Energy to a “hold” rating in a research note on Thursday, May 16th.

Birchcliff Energy Price Performance

Shares of OTCMKTS:BIREF opened at $4.20 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $1.13 billion, a PE ratio of 38.21 and a beta of 0.63. The stock has a fifty day moving average of $4.41 and a 200-day moving average of $4.25. Birchcliff Energy has a one year low of $3.42 and a one year high of $6.34.

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

Birchcliff Energy Cuts Dividend

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