Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Update
by Michael Walen · The Markets DailyBirchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 2,207,268 shares, a drop of 18.6% from the December 15th total of 2,712,227 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 145,109 shares, the short-interest ratio is presently 15.2 days. Based on an average daily volume of 145,109 shares, the short-interest ratio is presently 15.2 days. Currently, 0.8% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on BIREF. BMO Capital Markets raised shares of Birchcliff Energy from a “hold” rating to an “outperform” rating in a report on Monday, December 15th. Cibc Captl Mkts cut Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. CIBC lowered Birchcliff Energy to a “neutral” rating in a research note on Thursday, January 15th. Finally, TD Securities reaffirmed a “buy” rating on shares of Birchcliff Energy in a report on Tuesday, September 30th. Five analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.
View Our Latest Analysis on BIREF
Birchcliff Energy Trading Up 3.1%
Shares of BIREF stock opened at $5.10 on Wednesday. Birchcliff Energy has a fifty-two week low of $3.34 and a fifty-two week high of $5.90. The stock’s fifty day moving average price is $5.28 and its two-hundred day moving average price is $4.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $1.40 billion, a PE ratio of 28.34 and a beta of 0.43.
Birchcliff Energy (OTCMKTS:BIREF – Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate 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 return on equity of 3.17% and a net margin of 10.60%.
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.