Pine Cliff Energy Ltd. (TSE:PNE) Plans Monthly Dividend of $0.00

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Thursday, May 15th, TickerTech Dividends reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.0013 per share on Friday, May 30th. This represents a $0.02 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, May 15th.

Pine Cliff Energy Stock Performance

TSE PNE traded down C$0.01 on Tuesday, hitting C$0.57. 6,149 shares of the company’s stock were exchanged, compared to its average volume of 189,165. The firm has a market cap of C$206.45 million, a price-to-earnings ratio of -13.76 and a beta of 0.37. The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48. The firm’s 50-day moving average price is C$0.64 and its two-hundred day moving average price is C$0.79. Pine Cliff Energy has a fifty-two week low of C$0.51 and a fifty-two week high of C$1.14.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Desjardins decreased their price objective on Pine Cliff Energy from C$1.00 to C$0.95 and set a “buy” rating on the stock in a report on Thursday, May 8th. Canaccord Genuity Group upgraded Pine Cliff Energy from a “hold” rating to a “buy” rating and set a C$0.90 target price on the stock in a report on Thursday, April 3rd.

Pine Cliff Energy Company Profile

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.