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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 16,259,000 shares, a decrease of 5.7% from the September 15th total of 17,246,000 shares. Based on an average trading volume of 75,600 shares, the short-interest ratio is currently 215.1 days.

Birchcliff Energy Price Performance

Shares of BIREF stock opened at $3.94 on Thursday. Birchcliff Energy has a 12 month low of $3.42 and a 12 month high of $5.90. The company has a market capitalization of $1.06 billion, a P/E ratio of 35.77 and a beta of 0.62. The stock has a 50 day moving average of $4.25 and a two-hundred day moving average of $4.29. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.22.

Birchcliff Energy (OTCMKTS:BIREF) last issued its earnings results on Wednesday, August 14th. The company reported $0.12 EPS for the quarter. Birchcliff Energy had a return on equity of 1.82% and a net margin of 6.05%. The firm had revenue of $107.42 million during the quarter. As a group, equities analysts expect that Birchcliff Energy will post 0.73 EPS for the current year.

Birchcliff Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a dividend of $0.073 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 6.99%. Birchcliff Energy’s dividend payout ratio (DPR) is currently 263.64%.

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.