Pine Cliff Energy (TSE:PNE) Hits New 1-Year Low at $0.91

Pine Cliff Energy Ltd. (TSE:PNE) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.91 and last traded at C$0.94, with a volume of 302349 shares. The stock had previously closed at C$0.95.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PNE shares. Stifel Nicolaus lowered their price target on Pine Cliff Energy from C$1.20 to C$1.10 in a report on Thursday, May 9th. Canaccord Genuity Group cut shares of Pine Cliff Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from C$1.20 to C$1.10 in a research report on Wednesday, June 5th. Finally, Desjardins reduced their price target on shares of Pine Cliff Energy from C$1.25 to C$1.20 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd.

Pine Cliff Energy Trading Down 4.2 %

The firm has a market cap of C$324.79 million, a price-to-earnings ratio of 95.00 and a beta of 0.49. 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 company’s 50 day simple moving average is C$1.03 and its 200 day simple moving average is C$1.11.

Pine Cliff Energy (TSE:PNE) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$47.67 million during the quarter. Pine Cliff Energy had a negative net margin of 0.42% and a negative return on equity of 0.68%. As a group, research analysts expect that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current fiscal year.

Pine Cliff Energy Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Monday, July 15th. Pine Cliff Energy’s dividend payout ratio (DPR) is 600.00%.

Insider Buying and Selling at Pine Cliff Energy

In other news, Senior Officer Terry Lee Mcneill sold 80,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$1.06, for a total value of C$84,800.00. Insiders purchased 19,000 shares of company stock worth $19,170 over the last 90 days. Corporate insiders own 10.89% of the company’s stock.

Pine Cliff Energy Company Profile

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.