Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.59 and traded as low as C$0.57. Pine Cliff Energy shares last traded at C$0.58, with a volume of 10,241 shares traded.
Analyst Ratings Changes
A number of equities research analysts have issued reports on PNE shares. Desjardins cut their price target on shares of Pine Cliff Energy from C$1.00 to C$0.95 and set a "buy" rating on the stock in a 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 target price for the company in a report on Thursday, April 3rd.
Check Out Our Latest Analysis on PNE
Pine Cliff Energy Trading Up 1.8%
The stock has a market cap of C$210.07 million, a PE ratio of -14.00 and a beta of 0.37. The firm has a 50-day moving average price of C$0.58 and a 200-day moving average price of C$0.76. 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 was paid on Friday, May 30th. Stockholders of record on Friday, May 30th were issued 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 was Thursday, May 15th. Pine Cliff Energy's payout ratio is presently -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.
Further Reading
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