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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 11,342,300 shares, an increase of 12.7% from the May 31st total of 10,064,700 shares. Based on an average daily volume of 150,300 shares, the days-to-cover ratio is presently 75.5 days.

Analyst Ratings Changes

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

Birchcliff Energy Stock Performance

Shares of Birchcliff Energy stock opened at $4.39 on Monday. The stock’s fifty day moving average is $4.34 and its two-hundred day moving average is $4.14. The company has a market capitalization of $1.18 billion, a PE ratio of 39.88 and a beta of 0.64. 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 has a 52 week low of $3.42 and a 52 week high of $6.49.

Birchcliff Energy (OTCMKTS:BIREF) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.04) EPS for the quarter. The business had revenue of $121.14 million during the quarter. Birchcliff Energy had a net margin of 5.41% and a return on equity of 1.67%.

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 issued a $0.0734 dividend. This represents a dividend yield of 6.55%. The ex-dividend date of this dividend was Friday, June 14th. Birchcliff Energy’s dividend payout ratio is 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.