Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) announced a monthly dividend on Thursday, May 15th, TickerTech Dividends reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.0013 per share on Friday, May 30th. This represents a $0.02 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, May 15th.
Pine Cliff Energy Stock Performance
Shares of PNE stock traded down C$0.02 during trading on Friday, reaching C$0.54. The company had a trading volume of 1,007 shares, compared to its average volume of 186,388. Pine Cliff Energy has a one year low of C$0.51 and a one year high of C$1.14. The company has a market capitalization of C$195.58 million, a PE ratio of -13.03 and a beta of 0.37. 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 firm's 50 day simple moving average is C$0.63 and its two-hundred day simple moving average is C$0.79.
Analyst Ratings Changes
A number of equities research analysts have 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 report on Thursday, April 3rd. Desjardins cut their target price on shares of Pine Cliff Energy from C$1.00 to C$0.95 and set a "buy" rating for the company in a research note on Thursday, May 8th.
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About Pine Cliff Energy
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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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