Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.94 and traded as low as C$0.92. Pine Cliff Energy shares last traded at C$0.93, with a volume of 69,525 shares traded.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on PNE. Canaccord Genuity Group lowered shares of Pine Cliff Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from C$1.20 to C$1.10 in a research note on Wednesday, June 5th. Stifel Nicolaus lowered their price target on Pine Cliff Energy from C$1.20 to C$1.10 in a research report on Thursday, May 9th.
Check Out Our Latest Research Report on PNE
Pine Cliff Energy Stock Up 2.2 %
Pine Cliff Energy (TSE:PNE – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$46.61 million for the quarter. Pine Cliff Energy had a negative return on equity of 4.03% and a negative net margin of 2.14%. As a group, equities research analysts predict that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current fiscal year.
Pine Cliff Energy Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Monday, September 16th. Pine Cliff Energy’s payout ratio is -600.00%.
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.
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