Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) Director Philip Blake Hodge bought 20,000 shares of Pine Cliff Energy stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average cost of C$0.57 per share, for a total transaction of C$11,400.00.
Pine Cliff Energy Trading Down 4.9 %
Shares of Pine Cliff Energy stock opened at C$0.58 on Tuesday. The firm has a market cap of C$210.07 million, a PE ratio of -14.00 and a beta of 0.37. The company has a quick ratio of 1.48, a current ratio of 0.47 and a debt-to-equity ratio of 76.74. Pine Cliff Energy Ltd. has a fifty-two week low of C$0.56 and a fifty-two week high of C$1.14. The business's fifty day moving average is C$0.79 and its two-hundred day moving average is C$0.87.
Pine Cliff Energy Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be paid a $0.0013 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Tuesday, April 15th. Pine Cliff Energy's payout ratio is -144.83%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on PNE. Canaccord Genuity Group upgraded Pine Cliff Energy from a "hold" rating to a "buy" rating and set a C$0.90 price objective on the stock in a research report on Thursday, April 3rd. Desjardins reduced their target price on shares of Pine Cliff Energy from C$1.10 to C$0.95 and set an "outperform" rating on the stock in a report on Wednesday, March 19th.
Get Our Latest Analysis on PNE
About Pine Cliff Energy
(
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Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.
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