Philip Blake Hodge Acquires 20,000 Shares of Pine Cliff Energy Ltd. (TSE:PNE) Stock

Posted by Bonnie Powley on Apr 7th, 2025

Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) Director Philip Blake Hodge bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average price of C$0.57 per share, with a total value of C$11,400.00.

Pine Cliff Energy Stock Performance

Shares of TSE:PNE traded down C$0.03 on Monday, hitting C$0.58. The company’s stock had a trading volume of 490,703 shares, compared to its average volume of 187,988. The company has a market capitalization of C$210.07 million, a price-to-earnings ratio of -14.00 and a beta of 0.37. The stock’s 50-day moving average is C$0.80 and its two-hundred day moving average is C$0.87. Pine Cliff Energy Ltd. has a 12 month low of C$0.56 and a 12 month high of C$1.14. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47.

Pine Cliff Energy Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.0013 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.02 annualized dividend and a dividend yield of 2.69%. Pine Cliff Energy’s dividend payout ratio (DPR) is -144.83%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Canaccord Genuity Group upgraded Pine Cliff Energy from a “hold” rating to a “buy” rating and set a C$0.90 price objective for the company in a report on Thursday. Desjardins reduced their price objective 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.

Get Our Latest Report on PNE

About Pine Cliff Energy

(Get Free Report)

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.