Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) 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.
Check Out Our Latest Stock Analysis on Birchcliff Energy
Birchcliff Energy Stock Performance
Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) 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.
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