Philip Blake Hodge Buys 20,000 Shares of Pine Cliff Energy Ltd. (TSE:PNE) Stock

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) Director Philip Blake Hodge bought 20,000 shares of the business's stock in a transaction on Monday, April 7th. The stock was purchased at an average cost of C$0.57 per share, for a total transaction of C$11,400.00.

Pine Cliff Energy Stock Up 1.7 %

PNE stock traded up C$0.01 during midday trading on Friday, reaching C$0.59. 56,105 shares of the company were exchanged, compared to its average volume of 201,432. The company has a market cap of C$213.69 million, a price-to-earnings ratio of -14.24 and a beta of 0.37. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47. Pine Cliff Energy Ltd. has a 1-year low of C$0.51 and a 1-year high of C$1.14. The stock's 50-day simple moving average is C$0.76 and its 200 day simple moving average is C$0.86.

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 dividend of $0.0013 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.02 annualized dividend and a yield of 2.64%. Pine Cliff Energy's dividend payout ratio is currently -144.83%.

Analyst Upgrades and Downgrades

PNE has been the subject of several research reports. Desjardins dropped their target price on Pine Cliff Energy from C$1.10 to C$0.95 and set an "outperform" rating for the company 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 objective 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.