Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as C$0.66 and last traded at C$0.68, with a volume of 531384 shares traded. The stock had previously closed at C$0.72.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on PNE shares. 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. Desjardins dropped their target price on shares of Pine Cliff Energy from C$1.10 to C$0.95 and set an "outperform" rating on the stock in a research note on Wednesday, March 19th.
Check Out Our Latest Research Report on PNE
Pine Cliff Energy Stock Down 5.2 %
The firm has a market cap of C$199.20 million, a P/E ratio of -13.28 and a beta of 0.37. 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 business has a 50-day moving average price of C$0.78 and a 200-day moving average price of C$0.87.
Pine Cliff Energy Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.0013 per share. This represents a $0.02 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Tuesday, April 15th. Pine Cliff Energy's dividend payout ratio (DPR) is -144.83%.
Pine Cliff Energy Company Profile
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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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