Birchcliff Energy Ltd. (OTCMKTS:BIREF) Sees Significant Decrease in Short Interest

Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 15,188,500 shares, a decline of 7.2% from the January 15th total of 16,360,900 shares. Based on an average daily trading volume, of 173,300 shares, the short-interest ratio is presently 87.6 days.

Birchcliff Energy Stock Up 3.7 %

Shares of OTCMKTS:BIREF traded up $0.15 during midday trading on Wednesday, reaching $4.23. The company had a trading volume of 132,192 shares, compared to its average volume of 99,193. Birchcliff Energy has a one year low of $3.15 and a one year high of $4.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $1.15 billion, a P/E ratio of 30.21 and a beta of 0.62. The stock's fifty day moving average price is $3.85 and its 200-day moving average price is $3.97.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) 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 Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.0714 per share. This represents a dividend yield of 8.06%. The ex-dividend date was Friday, December 13th. Birchcliff Energy's dividend payout ratio is currently 200.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Securities raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Scotiabank upgraded Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, January 17th. Finally, National Bank Financial raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd.

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.