Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) Director Amber Foulkes Hilary acquired 20,000 shares of the stock in a transaction on Thursday, April 17th. The shares were purchased at an average cost of C$0.59 per share, with a total value of C$11,800.00.
Pine Cliff Energy Price Performance
PNE opened at C$0.57 on Friday. The firm has a market cap of C$206.45 million, a PE ratio of -13.76 and a beta of 0.37. The stock has a 50-day moving average price of C$0.74 and a 200-day moving average price of C$0.85. Pine Cliff Energy Ltd. has a 1 year low of C$0.51 and a 1 year high of C$1.14. The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48.
Pine Cliff Energy Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be issued a $0.0013 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.02 annualized dividend and a yield of 2.74%. Pine Cliff Energy's dividend payout ratio (DPR) is presently -144.83%.
Analyst Ratings Changes
Several research analysts recently issued reports on PNE shares. Canaccord Genuity Group upgraded shares of Pine Cliff Energy from a "hold" rating to a "buy" rating and set a C$0.90 price target for the company in a research note on Thursday, April 3rd. Desjardins decreased their target price on shares of Pine Cliff Energy from C$1.10 to C$0.95 and set an "outperform" rating for the company in a research note on Wednesday, March 19th.
Check Out Our Latest Analysis on PNE
Pine Cliff Energy Company Profile
(
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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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