Birchcliff Energy Ltd. (OTCMKTS:BIREF) Sees Large Increase in Short Interest

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 4,766,638 shares, an increase of 35.4% from the February 12th total of 3,520,337 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 117,645 shares, the short-interest ratio is presently 40.5 days. Based on an average daily volume of 117,645 shares, the short-interest ratio is presently 40.5 days. Currently, 1.8% of the company’s stock are short sold.

Birchcliff Energy Stock Down 0.7%

Shares of BIREF stock opened at $5.23 on Friday. Birchcliff Energy has a 52-week low of $3.65 and a 52-week high of $5.90. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 32.72 and a beta of 0.44. The firm’s 50-day moving average is $5.13 and its 200-day moving average is $4.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 1.23.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $141.66 million during the quarter, compared to analysts’ expectations of $138.97 million. Birchcliff Energy had a return on equity of 2.81% and a net margin of 8.86%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BMO Capital Markets raised Birchcliff Energy from a “hold” rating to an “outperform” rating in a research report on Monday, December 15th. Canadian Imperial Bank of Commerce downgraded Birchcliff Energy to a “neutral” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Birchcliff Energy has an average 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.