Pine Cliff Energy Ltd. (TSE:PNE) to Issue $0.01 Monthly Dividend

Pine Cliff Energy Ltd. (TSE:PNEGet Free Report) announced a monthly dividend on Thursday, February 1st, Zacks reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.011 per share on Thursday, February 29th. This represents a $0.13 annualized dividend and a yield of 10.31%. The ex-dividend date is Wednesday, February 14th.

Pine Cliff Energy Price Performance

Shares of Pine Cliff Energy stock opened at C$1.28 on Monday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.48 and a current ratio of 1.92. The firm’s 50-day simple moving average is C$1.37 and its 200-day simple moving average is C$1.43. Pine Cliff Energy has a twelve month low of C$1.18 and a twelve month high of C$1.68. The firm has a market cap of C$455.77 million, a P/E ratio of 14.22 and a beta of 0.51.

Pine Cliff Energy (TSE:PNEGet Free Report) last issued its earnings results on Tuesday, November 14th. The company reported C$0.01 earnings per share for the quarter. Pine Cliff Energy had a net margin of 16.34% and a return on equity of 28.82%. The business had revenue of C$45.83 million for the quarter. As a group, research analysts expect that Pine Cliff Energy will post 0.0099359 EPS for the current fiscal year.

Analysts Set New Price Targets

PNE has been the subject of several analyst reports. Canaccord Genuity Group lifted 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 report on Wednesday, November 1st. Desjardins lifted their price target 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 Stock Report on PNE

Insider Transactions at Pine Cliff Energy

In other Pine Cliff Energy news, Director Philip Blake Hodge purchased 17,000 shares of the stock in a transaction dated Friday, November 17th. The stock was bought at an average price of C$1.50 per share, for a total transaction of C$25,500.00. Insiders acquired a total of 35,500 shares of company stock worth $50,730 in the last quarter. 20.35% of the stock is owned by company insiders.

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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Dividend History for Pine Cliff Energy (TSE:PNE)

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