Pine Cliff Energy (TSE:PNE) Hits New 1-Year Low – What’s Next?

Pine Cliff Energy Ltd. (TSE:PNE) shares reached a new 52-week low on Monday. The company traded as low as C$0.52 and last traded at C$0.52, with a volume of 424472 shares traded. The stock had previously closed at C$0.51.

Pine Cliff Energy Stock Performance

The stock has a market cap of C$186.57 million, a price-to-earnings ratio of -26.00 and a beta of 0.07. The company has a debt-to-equity ratio of 157.85, a current ratio of 0.54 and a quick ratio of 1.48. The firm has a fifty day moving average of C$0.54 and a 200 day moving average of C$0.59.

Pine Cliff Energy (TSE:PNE) last posted its earnings results on Wednesday, August 12th. The company reported C($0.01) earnings per share for the quarter. Pine Cliff Energy had a negative net margin of 5.45% and a negative return on equity of 27.35%. The firm had revenue of C$39.46 million during the quarter. As a group, sell-side analysts forecast that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current year.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th were issued a $0.0013 dividend. This represents a $0.02 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 15th. Pine Cliff Energy’s dividend payout ratio is currently -75.00%.

Pine Cliff Energy Company Profile

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