Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as C$0.51 and last traded at C$0.55, with a volume of 205431 shares. The stock had previously closed at C$0.55.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports 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 for the company in a report on Wednesday, March 19th. Canaccord Genuity Group raised 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.
View Our Latest Stock Report on PNE
Pine Cliff Energy Price Performance
The business's 50 day simple moving average is C$0.75 and its 200-day simple moving average is C$0.85. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47. 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.
Pine Cliff Energy Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be paid a $0.0013 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.02 dividend on an annualized basis and a yield of 2.64%. Pine Cliff Energy's dividend payout ratio (DPR) is currently -144.83%.
About Pine Cliff Energy
(
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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.
Further Reading
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