Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) hit a new 52-week low on Monday . The company traded as low as C$0.75 and last traded at C$0.75, with a volume of 55600 shares. The stock had previously closed at C$0.76.
Analysts Set New Price Targets
Separately, Desjardins reduced their target price on shares of Pine Cliff Energy from C$1.10 to C$0.95 and set an "outperform" rating for the company in a research note on Wednesday.
Check Out Our Latest Report on Pine Cliff Energy
Pine Cliff Energy Stock Performance
The stock's 50 day moving average is C$0.85 and its two-hundred day moving average is C$0.89. 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 stock has a market capitalization of C$271.64 million, a price-to-earnings ratio of -18.10 and a beta of 0.37.
Pine Cliff Energy Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a $0.005 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 8.00%. Pine Cliff Energy's payout ratio is -144.83%.
Insider Activity at Pine Cliff Energy
In other Pine Cliff Energy news, Director Robert Brent Fryk bought 68,500 shares of the firm's stock in a transaction on Tuesday, December 24th. The shares were purchased at an average price of C$0.80 per share, for a total transaction of C$54,731.50. 10.97% of the stock is owned by company insiders.
Pine Cliff Energy Company Profile
(
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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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