Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) announced a monthly dividend on Tuesday, April 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 0.0013 per share on Wednesday, April 30th. This represents a $0.02 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, April 15th.
Pine Cliff Energy Stock Up 1.7 %
TSE:PNE opened at C$0.59 on Friday. Pine Cliff Energy has a one year low of C$0.51 and a one year high of C$1.14. The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48. The company has a market cap of C$213.69 million, a PE ratio of -14.24 and a beta of 0.37. The firm’s 50 day simple moving average is C$0.76 and its 200 day simple moving average is C$0.86.
Analysts Set New Price Targets
PNE has been the topic of a number of recent research reports. Desjardins cut their price target on shares of Pine Cliff Energy from C$1.10 to C$0.95 and set an “outperform” rating on the stock in a report on Wednesday, March 19th. Canaccord Genuity Group raised Pine Cliff Energy from a “hold” rating to a “buy” rating and set a C$0.90 target price for the company in a research report on Thursday, April 3rd.
About Pine Cliff Energy
Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.
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