Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Down 13.5% in February

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 12,331,500 shares, a decline of 13.5% from the February 13th total of 14,249,800 shares. Based on an average daily trading volume, of 160,300 shares, the days-to-cover ratio is presently 76.9 days. Approximately 4.6% of the shares of the stock are short sold.

Birchcliff Energy Stock Down 0.1 %

BIREF stock opened at $4.38 on Friday. The company has a 50 day moving average of $4.00 and a two-hundred day moving average of $3.91. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 31.27 and a beta of 0.63. Birchcliff Energy has a 12-month low of $3.15 and a 12-month high of $4.83. 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 announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter. Birchcliff Energy had a return on equity of 2.49% and a net margin of 9.39%.

Birchcliff Energy Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.0209 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 2.44%. Birchcliff Energy’s dividend payout ratio is currently 57.14%.

Wall Street Analysts Forecast Growth

BIREF has been the topic of a number of recent analyst reports. TD Securities raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Scotiabank raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Canaccord Genuity Group raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Cormark raised Birchcliff Energy to a “strong-buy” rating in a research report on Thursday, March 13th. Finally, Cibc World Mkts upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Six investment analysts have rated the stock with a strong buy rating, According to MarketBeat, Birchcliff Energy currently has an average 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.