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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 11,555,100 shares, a drop of 10.3% from the March 31st total of 12,885,900 shares. Based on an average trading volume of 148,500 shares, the days-to-cover ratio is presently 77.8 days.

Birchcliff Energy Stock Up 1.4 %

Shares of OTCMKTS:BIREF opened at $4.21 on Tuesday. The firm’s 50 day moving average price is $4.01 and its 200 day moving average price is $4.41. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 140.33 and a beta of 0.64. Birchcliff Energy has a fifty-two week low of $3.42 and a fifty-two week high of $6.49. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.17.

Birchcliff Energy (OTCMKTS:BIREF) last issued its earnings results on Wednesday, February 14th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $134.65 million during the quarter. Birchcliff Energy had a net margin of 1.38% and a return on equity of 0.45%.

Birchcliff Energy Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.074 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 7.23%. Birchcliff Energy’s dividend payout ratio (DPR) is 1,966.67%.

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.