Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.71 and traded as low as C$0.52. Pine Cliff Energy shares last traded at C$0.53, with a volume of 191,010 shares.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Desjardins decreased their target price on Pine Cliff Energy from C$1.10 to C$0.95 and set an "outperform" rating on the stock in a report on Wednesday, March 19th. Canaccord Genuity Group raised Pine Cliff Energy from a "hold" rating to a "buy" rating and set a C$0.90 target price on the stock in a report on Thursday, April 3rd.
Get Our Latest Research Report on Pine Cliff Energy
Pine Cliff Energy Price Performance
The company has a current ratio of 0.47, a quick ratio of 1.48 and a debt-to-equity ratio of 76.74. The firm has a market capitalization of C$199.20 million, a P/E ratio of -13.28 and a beta of 0.37. The company has a 50 day simple moving average of C$0.68 and a two-hundred day simple moving average of C$0.82.
Pine Cliff Energy Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be paid 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 payout ratio is -144.83%.
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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