Pine Cliff Energy Ltd. (TSE:PNE) to Issue Monthly Dividend of $0.00

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) announced a monthly dividend on Monday, June 16th, TickerTech Dividends reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.0013 per share on Monday, June 30th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, June 16th.

Pine Cliff Energy Trading Up 1.6%

Shares of PNE traded up C$0.01 during mid-day trading on Friday, reaching C$0.64. The company's stock had a trading volume of 337,093 shares, compared to its average volume of 196,906. The stock has a market cap of C$231.80 million, a PE ratio of -15.45 and a beta of 0.37. 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 has a 52 week low of C$0.51 and a 52 week high of C$1.07. The company's fifty day moving average price is C$0.57 and its two-hundred day moving average price is C$0.75.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PNE shares. Desjardins lowered their price target on shares of Pine Cliff Energy from C$1.00 to C$0.95 and set a "buy" rating for the company in a report on Thursday, May 8th. 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 report on Thursday, April 3rd.

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.