Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.94 and traded as high as C$1.04. Pine Cliff Energy shares last traded at C$1.00, with a volume of 232,198 shares traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group downgraded shares of Pine Cliff Energy from a "buy" rating to a "hold" rating and decreased their price target for the company from C$1.20 to C$1.10 in a research note on Wednesday, June 5th.
View Our Latest Stock Analysis on Pine Cliff Energy
Pine Cliff Energy Stock Performance
The company has a market cap of C$357.90 million, a PE ratio of -102.00 and a beta of 0.37. The stock's 50 day moving average is C$0.94 and its 200-day moving average is C$0.98. The company has a quick ratio of 1.48, a current ratio of 0.50 and a debt-to-equity ratio of 81.31.
Pine Cliff Energy (TSE:PNE - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$46.61 million for the quarter. Pine Cliff Energy had a negative net margin of 2.14% and a negative return on equity of 4.03%. As a group, sell-side analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current year.
Pine Cliff Energy Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a $0.005 dividend. This represents a $0.06 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend was Monday, September 16th. Pine Cliff Energy's dividend payout ratio is currently -600.00%.
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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