Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) Senior Officer Austin William Nieuwdorp bought 25,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average cost of C$0.57 per share, with a total value of C$14,250.00.
Pine Cliff Energy Stock Performance
PNE traded up C$0.01 during midday trading on Friday, reaching C$0.58. The company had a trading volume of 270,281 shares, compared to its average volume of 184,767. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47. The stock has a market cap of C$210.07 million, a PE ratio of -14.00 and a beta of 0.37. Pine Cliff Energy Ltd. has a 12-month low of C$0.51 and a 12-month high of C$1.14. The business has a 50-day moving average price of C$0.58 and a two-hundred day moving average price of C$0.76.
Pine Cliff Energy Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were paid a dividend of $0.0013 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, May 15th. Pine Cliff Energy's payout ratio is currently -144.83%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on PNE. Canaccord Genuity Group raised 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 research note on Thursday, April 3rd. Desjardins decreased 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 report on Thursday, May 8th.
Get Our Latest Research Report on Pine Cliff Energy
Pine Cliff Energy Company Profile
(
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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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