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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 3,480,714 shares, an increase of 57.7% from the December 31st total of 2,207,268 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 189,025 shares, the short-interest ratio is currently 18.4 days. Based on an average trading volume of 189,025 shares, the short-interest ratio is currently 18.4 days. Approximately 1.3% of the company’s stock are sold short.

Birchcliff Energy Price Performance

Shares of OTCMKTS BIREF opened at $5.38 on Friday. The company has a market capitalization of $1.48 billion, a PE ratio of 29.89 and a beta of 0.43. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $5.32 and its 200-day moving average price is $4.84. Birchcliff Energy has a twelve month low of $3.34 and a twelve month high of $5.90.

Birchcliff Energy (OTCMKTS:BIREF) last issued its quarterly 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). Birchcliff Energy had a net margin of 10.60% and a return on equity of 3.17%. The business had revenue of $107.43 million for the quarter, compared to analysts’ expectations of $111.85 million.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BIREF. Cibc Captl Mkts downgraded Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. CIBC cut Birchcliff Energy to a “neutral” rating in a research report on Thursday, January 15th. Finally, BMO Capital Markets upgraded Birchcliff Energy from a “hold” rating to an “outperform” rating in a report on Monday, December 15th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About Birchcliff Energy

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.