Pine Cliff Energy Ltd. (TSE:PNE) Declares $0.00 Monthly Dividend

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) announced a monthly dividend on Tuesday, July 15th, TickerTech Dividends reports. Shareholders of record on Thursday, July 31st will be given a dividend of 0.0013 per share on Thursday, July 31st. This represents a $0.02 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, July 15th.

Pine Cliff Energy Stock Performance

Pine Cliff Energy stock traded down C$0.04 during mid-day trading on Wednesday, hitting C$0.71. 228,952 shares of the company's stock traded hands, compared to its average volume of 191,957. The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48. The stock has a market cap of C$257.15 million, a price-to-earnings ratio of -17.14 and a beta of 0.37. The firm has a 50 day simple moving average of C$0.62 and a two-hundred day simple moving average of C$0.71. Pine Cliff Energy has a fifty-two week low of C$0.51 and a fifty-two week high of C$1.06.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PNE shares. Desjardins decreased 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 research report on Thursday, May 8th. Canaccord Genuity Group raised 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 note on Thursday, April 3rd.

Pine Cliff Energy Company Profile

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.