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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 2,207,268 shares, a decrease of 18.6% from the December 15th total of 2,712,227 shares. Based on an average daily trading volume, of 145,109 shares, the short-interest ratio is currently 15.2 days. Approximately 0.8% of the company’s shares are short sold. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 145,109 shares, the short-interest ratio is currently 15.2 days.

Birchcliff Energy Price Performance

BIREF opened at $4.95 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 27.50 and a beta of 0.43. The stock has a fifty day simple moving average of $5.28 and a two-hundred day simple moving average of $4.83. Birchcliff Energy has a 12-month low of $3.34 and a 12-month high of $5.90.

Birchcliff Energy (OTCMKTS:BIREF) last announced its earnings results on Wednesday, November 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). The business had revenue of $107.43 million for the quarter, compared to the consensus estimate of $111.85 million. Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BIREF shares. BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating in a research note on Monday, December 15th. Cibc Captl Mkts lowered Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. CIBC cut shares of Birchcliff Energy to a “neutral” rating in a report on Thursday, January 15th. Finally, TD Securities reiterated a “buy” rating on shares of Birchcliff Energy in a report on Tuesday, September 30th. Five investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Birchcliff Energy has a consensus rating of “Buy”.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. (OTCMKTS: BIREF) is a Canada-based exploration and production company headquartered in Calgary, Alberta. Since its founding in 2000, Birchcliff has focused on developing natural gas, natural gas liquids and light oil resources in Western Canada. The company is publicly listed on the Toronto Stock Exchange and the OTC Markets and maintains an integrated asset base to support its upstream and midstream activities.

The company’s core operations are concentrated in the Montney formation of northeastern British Columbia and northwestern Alberta, one of North America’s largest unconventional resource plays.