Pine Cliff Energy Ltd. (TSE:PNE) Director Buys C$11,800.00 in Stock

Pine Cliff Energy Ltd. (TSE:PNE) Director Amber Foulkes Hilary acquired 20,000 shares of the business’s stock in a transaction on Thursday, April 17th. The shares were purchased at an average price of C$0.59 per share, for a total transaction of C$11,800.00.

Pine Cliff Energy Stock Performance

Pine Cliff Energy stock remained flat at C$0.59 during trading on Thursday. 218,359 shares of the company were exchanged, compared to its average volume of 199,790. 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 capitalization of C$213.69 million, a price-to-earnings ratio of -14.24 and a beta of 0.37. Pine Cliff Energy Ltd. has a 1 year low of C$0.51 and a 1 year high of C$1.14. The company has a fifty day moving average of C$0.74 and a 200-day moving average of C$0.85.

Pine Cliff Energy Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th will be paid a $0.0013 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Tuesday, April 15th. Pine Cliff Energy’s dividend payout ratio is presently -144.83%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PNE shares. Desjardins dropped their price target on Pine Cliff Energy from C$1.10 to C$0.95 and set an “outperform” rating on the stock in a research report on Wednesday, March 19th. Canaccord Genuity Group upgraded shares of Pine Cliff Energy from a “hold” rating to a “buy” rating and set a C$0.90 price target on the stock in a report on Thursday, April 3rd.

Pine Cliff Energy Company Profile

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.