Pine Cliff Energy Ltd. (TSE:PNE) Director Amber Foulkes Hilary Purchases 20,000 Shares

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) Director Amber Foulkes Hilary acquired 20,000 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The shares were bought at an average price of C$0.59 per share, with a total value of C$11,800.00.

Pine Cliff Energy Stock Performance

PNE traded down C$0.02 on Tuesday, reaching C$0.55. 33,808 shares of the stock were exchanged, compared to its average volume of 201,856. 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 company's 50-day moving average price is C$0.72 and its 200 day moving average price is C$0.84. The firm has a market capitalization of C$199.20 million, a PE ratio of -13.28 and a beta of 0.37. Pine Cliff Energy Ltd. has a fifty-two week low of C$0.51 and a fifty-two week high of C$1.14.

Pine Cliff Energy Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th will be issued a $0.0013 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.02 annualized dividend and a yield of 2.84%. Pine Cliff Energy's dividend payout ratio (DPR) is presently -144.83%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PNE shares. 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 report on Wednesday, March 19th. Canaccord Genuity Group upgraded Pine Cliff Energy from a "hold" rating to a "buy" rating and set a C$0.90 target price 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.