Short Interest in Birchcliff Energy Ltd. (OTCMKTS:BIREF) Rises By 12.7%

Posted by Logan Wallace on Jul 2nd, 2024

Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 11,342,300 shares, a growth of 12.7% from the May 31st total of 10,064,700 shares. Based on an average daily volume of 150,300 shares, the days-to-cover ratio is currently 75.5 days.

Analysts Set New Price Targets

BIREF has been the subject of several recent analyst reports. Scotiabank raised shares of Birchcliff Energy to a “hold” rating in a report on Friday, June 14th. Cibc World Mkts raised shares of Birchcliff Energy to a “hold” rating in a research note on Thursday, May 16th.

Check Out Our Latest Stock Analysis on BIREF

Birchcliff Energy Price Performance

Shares of Birchcliff Energy stock opened at $4.32 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50 day simple moving average of $4.34 and a two-hundred day simple moving average of $4.14. The stock has a market capitalization of $1.16 billion, a P/E ratio of 39.23 and a beta of 0.64. Birchcliff Energy has a 12 month low of $3.42 and a 12 month high of $6.49.

Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $121.14 million during the quarter. Birchcliff Energy had a net margin of 5.41% and a return on equity of 1.67%.

Birchcliff Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a $0.0734 dividend. This represents a dividend yield of 6.55%. The ex-dividend date of this dividend was Friday, June 14th. Birchcliff Energy’s dividend payout ratio (DPR) is 263.64%.

Birchcliff Energy Company Profile

(Get Free Report)

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.