Pine Cliff Energy Ltd. Plans Monthly Dividend of $0.01 (TSE:PNE)

Pine Cliff Energy Ltd. (TSE:PNEGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be paid a dividend of 0.005 per share on Tuesday, April 30th. This represents a $0.06 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend is Friday, April 12th.

Pine Cliff Energy Trading Down 1.0 %

Shares of PNE opened at C$1.00 on Wednesday. The business’s 50-day moving average price is C$1.14 and its 200 day moving average price is C$1.34. The stock has a market capitalization of C$356.30 million, a P/E ratio of 33.33 and a beta of 0.52. Pine Cliff Energy has a 1-year low of C$0.94 and a 1-year high of C$1.68. The company has a current ratio of 0.48, a quick ratio of 1.48 and a debt-to-equity ratio of 62.18.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PNE shares. Canaccord Genuity Group lowered their target price on Pine Cliff Energy from C$1.55 to C$1.40 in a research note on Tuesday, March 5th. Stifel Nicolaus lowered their target price on Pine Cliff Energy from C$1.50 to C$1.40 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Finally, Desjardins reduced their price target on Pine Cliff Energy from C$1.50 to C$1.25 and set a “buy” rating for the company in a report on Friday, March 22nd.

Get Our Latest Analysis on PNE

Insider Transactions at Pine Cliff Energy

In other news, Director Philip Blake Hodge acquired 25,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were acquired at an average cost of C$1.02 per share, for a total transaction of C$25,402.50. Insiders acquired a total of 33,900 shares of company stock worth $37,525 over the last three months. 20.42% of the stock is currently owned by insiders.

About Pine Cliff Energy

(Get Free Report)

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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Dividend History for Pine Cliff Energy (TSE:PNE)

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