Philip Blake Hodge Purchases 8,500 Shares of Pine Cliff Energy Ltd. (TSE:PNE) Stock

Pine Cliff Energy Ltd. (TSE:PNEGet Free Report) Director Philip Blake Hodge bought 8,500 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were acquired at an average cost of C$1.38 per share, with a total value of C$11,730.00.

Philip Blake Hodge also recently made the following trade(s):

  • On Tuesday, December 12th, Philip Blake Hodge acquired 10,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$1.35 per share, with a total value of C$13,500.00.
  • On Friday, November 17th, Philip Blake Hodge bought 17,000 shares of Pine Cliff Energy stock. The shares were bought at an average cost of C$1.50 per share, with a total value of C$25,500.00.

Pine Cliff Energy Price Performance

Shares of TSE:PNE remained flat at C$1.38 on Friday. 35,900 shares of the stock traded hands, compared to its average volume of 158,553. The stock’s 50-day moving average is C$1.40 and its 200-day moving average is C$1.45. Pine Cliff Energy Ltd. has a 12-month low of C$1.18 and a 12-month high of C$1.68. The company has a quick ratio of 1.48, a current ratio of 1.92 and a debt-to-equity ratio of 3.11. The company has a market cap of C$491.38 million, a price-to-earnings ratio of 15.33 and a beta of 0.49.

Pine Cliff Energy (TSE:PNEGet Free Report) last posted its earnings results on Tuesday, November 14th. The company reported C$0.01 EPS for the quarter. Pine Cliff Energy had a net margin of 16.34% and a return on equity of 28.82%. The firm had revenue of C$45.83 million during the quarter. Equities research analysts anticipate that Pine Cliff Energy Ltd. will post 0.0600624 EPS for the current year.

Pine Cliff Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, January 15th will be issued a $0.011 dividend. The ex-dividend date is Friday, January 12th. This represents a $0.13 annualized dividend and a yield of 9.57%. Pine Cliff Energy’s dividend payout ratio (DPR) is presently 144.44%.

Analyst Ratings Changes

PNE has been the topic of a number of recent research reports. Canaccord Genuity Group upped their price target on shares of Pine Cliff Energy from C$1.65 to C$1.75 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Desjardins increased their target price on shares of Pine Cliff Energy from C$1.75 to C$1.90 and gave the company a “buy” rating in a report on Wednesday, November 1st.

View Our Latest Report on PNE

About Pine Cliff Energy

(Get Free Report)

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

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