Pine Cliff Energy (TSE:PNE) Stock Passes Above Fifty Day Moving Average of $0.99

Pine Cliff Energy Ltd. (TSE:PNEGet Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.99 and traded as high as C$1.03. Pine Cliff Energy shares last traded at C$1.00, with a volume of 255,088 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PNE shares. Desjardins reduced their price objective on shares of Pine Cliff Energy from C$1.25 to C$1.20 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Canaccord Genuity Group reduced their price target on shares of Pine Cliff Energy from C$1.40 to C$1.20 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus lowered their price objective on shares of Pine Cliff Energy from C$1.20 to C$1.10 in a research note on Thursday, May 9th.

Get Our Latest Stock Analysis on Pine Cliff Energy

Pine Cliff Energy Trading Up 5.0 %

The company has a debt-to-equity ratio of 75.17, a current ratio of 0.47 and a quick ratio of 1.48. The business has a fifty day moving average of C$0.99 and a 200-day moving average of C$1.23. The stock has a market capitalization of C$374.22 million, a price-to-earnings ratio of 35.00 and a beta of 0.49.

Pine Cliff Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.005 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.06 annualized dividend and a dividend yield of 5.71%. Pine Cliff Energy’s dividend payout ratio is currently 200.00%.

Insider Buying and Selling

In other Pine Cliff Energy news, Director Philip Blake Hodge purchased 25,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were purchased at an average price of C$1.02 per share, for a total transaction of C$25,402.50. Insiders have acquired 35,400 shares of company stock worth $35,695 in the last ninety days. 10.84% of the stock is currently owned by corporate insiders.

Pine Cliff Energy Company Profile

(Get Free Report)

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.

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