Pine Cliff Energy (TSE:PNE) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Pine Cliff Energy shares fell below their 200-day moving average, trading as low as C$0.60 versus a 200-day average of C$0.75, before last changing hands at C$0.62.
• The company’s latest quarterly results showed C$0.02 EPS on C$41.35 million in revenue, but profitability remained weak with a negative net margin of 6.63% and negative return on equity of 31.31%.
• Pine Cliff also announced a monthly dividend of C$0.0013 per share, implying a 2.5% annualized yield, though its dividend payout ratio is negative at -75.00%.

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.75 and traded as low as C$0.60. Pine Cliff Energy shares last traded at C$0.62, with a volume of 48,757 shares changing hands.

Pine Cliff Energy Stock Up 1.6%

The company has a debt-to-equity ratio of 129.72, a current ratio of 0.56 and a quick ratio of 1.48. The firm's fifty day moving average is C$0.66 and its 200-day moving average is C$0.75. The stock has a market capitalization of C$222.45 million, a price-to-earnings ratio of -20.67 and a beta of 0.04.

Pine Cliff Energy (TSE:PNE - Get Free Report) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$41.35 million during the quarter. Pine Cliff Energy had a negative net margin of 6.63% and a negative return on equity of 31.31%. On average, sell-side analysts predict that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current year.

Pine Cliff Energy Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be given a dividend of $0.0013 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 2.5%. Pine Cliff Energy's dividend payout ratio (DPR) is -75.00%.

About Pine Cliff Energy

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.

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