Pine Cliff Energy Ltd. (TSE:PNE) Declares $0.00 Monthly Dividend

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) announced a monthly dividend on Tuesday, April 15th, TickerTech Dividends reports. Investors 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 2.74%. The ex-dividend date is Tuesday, April 15th.

Pine Cliff Energy Price Performance

TSE PNE traded down C$0.02 on Friday, hitting C$0.57. 379,544 shares of the company were exchanged, compared to its average volume of 202,446. Pine Cliff Energy has a 1-year low of C$0.51 and a 1-year high of C$1.14. The company has a current ratio of 0.47, a quick ratio of 1.48 and a debt-to-equity ratio of 76.74. The firm has a 50 day moving average of C$0.74 and a two-hundred day moving average of C$0.85. The company has a market cap of C$206.45 million, a P/E ratio of -13.76 and a beta of 0.37.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PNE shares. Desjardins reduced their target price on 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 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 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.