Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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.
Analyst Ratings Changes
PNE has been the topic of a number of analyst reports. Canaccord Genuity Group raised shares of Pine Cliff Energy from a "hold" rating to a "buy" rating and set a C$0.90 price objective on the stock in a research note on Thursday, April 3rd. Desjardins dropped their price objective on shares of Pine Cliff Energy from C$1.00 to C$0.95 and set a "buy" rating on the stock in a research note on Thursday, May 8th.
View Our Latest Research Report on PNE
Pine Cliff Energy Stock Down 3.1%
The business's 50 day moving average is C$0.59 and its 200-day moving average is C$0.73. The stock has a market cap of C$228.18 million, a price-to-earnings 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 Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a $0.0013 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.02 dividend on an annualized basis and a yield of 2.48%. Pine Cliff Energy's dividend payout ratio is currently -144.83%.
About Pine Cliff Energy
(
Get Free Report)
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.
Further Reading
Before you consider Pine Cliff Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pine Cliff Energy wasn't on the list.
While Pine Cliff Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
