Pine Cliff Energy (TSE:PNE) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.59 and traded as high as C$0.66. Pine Cliff Energy shares last traded at C$0.63, with a volume of 85,613 shares traded.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Desjardins dropped 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 research 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 objective for the company in a research report on Thursday, April 3rd.

Pine Cliff Energy Price Performance

The business's fifty day moving average is C$0.59 and its two-hundred day moving average is C$0.73. The company has a market cap of C$228.18 million, a P/E ratio of -15.21 and a beta of 0.37. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a dividend of $0.0013 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.02 dividend on an annualized basis and a yield of 2.48%. Pine Cliff Energy's payout ratio is -144.83%.

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.