Pine Cliff Energy Ltd. (TSE:PNE) Director Philip Blake Hodge Buys 25,000 Shares

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) Director Philip Blake Hodge bought 25,000 shares of Pine Cliff Energy stock in a transaction dated Wednesday, June 4th. The stock was purchased at an average price of C$0.58 per share, with a total value of C$14,500.00.

Philip Blake Hodge also recently made the following trade(s):

• On Monday, April 7th, Philip Blake Hodge acquired 20,000 shares of Pine Cliff Energy stock. The shares were acquired at an average price of C$0.57 per share, for a total transaction of C$11,400.00.

Pine Cliff Energy Stock Down 1.7%

PNE stock traded down C$0.01 during midday trading on Thursday, reaching C$0.57. The company had a trading volume of 667,331 shares, compared to its average volume of 183,975. The company has a market capitalization of C$206.45 million, a P/E ratio of -13.76 and a beta of 0.37. The company has a 50 day moving average of C$0.58 and a two-hundred day moving average of C$0.76. The company has a current ratio of 0.47, a quick ratio of 1.48 and a debt-to-equity ratio of 76.74. Pine Cliff Energy Ltd. has a 1 year low of C$0.51 and a 1 year high of C$1.14.

Pine Cliff Energy Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 30th were issued a $0.0013 dividend. This represents a $0.02 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, May 15th. Pine Cliff Energy's dividend payout ratio (DPR) is presently -144.83%.

Analyst Upgrades and Downgrades

PNE has been the subject of a number of research analyst reports. Canaccord Genuity Group upgraded Pine Cliff Energy from a "hold" rating to a "buy" rating and set a C$0.90 price objective for the company in a report on Thursday, April 3rd. Desjardins reduced their target price on Pine Cliff Energy from C$1.00 to C$0.95 and set a "buy" rating on the stock in a report on Thursday, May 8th.

About Pine Cliff Energy

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.