Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) – Equities research analysts at Stifel Firstegy decreased their FY2022 earnings per share estimates for shares of Pine Cliff Energy in a note issued to investors on Thursday, July 14th. Stifel Firstegy analyst C. Kwong now expects that the company will earn $0.24 per share for the year, down from their prior estimate of $0.29. The consensus estimate for Pine Cliff Energy's current full-year earnings is ($0.04) per share. Stifel Firstegy also issued estimates for Pine Cliff Energy's FY2023 earnings at $0.16 EPS.
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Pine Cliff Energy (TSE:PNE – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported C$0.04 earnings per share for the quarter, hitting analysts' consensus estimates of C$0.04. The firm had revenue of C$59.45 million during the quarter.
Separately, Stifel Nicolaus upgraded Pine Cliff Energy to a "buy" rating and upped their price target for the stock from C$2.25 to C$2.30 in a report on Thursday, June 30th.
Pine Cliff Energy Stock Performance
PNE opened at C$1.50 on Monday. The stock has a market cap of C$515.12 million and a P/E ratio of 5.56. The company has a debt-to-equity ratio of 58.23, a current ratio of 1.07 and a quick ratio of 0.98. The stock's 50 day simple moving average is C$1.72 and its 200 day simple moving average is C$1.28. Pine Cliff Energy has a 1-year low of C$0.33 and a 1-year high of C$2.05.
Pine Cliff Energy Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 29th will be issued a dividend of $0.0083 per share. This represents a $0.10 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Thursday, July 14th. Pine Cliff Energy's dividend payout ratio (DPR) is presently 37.04%.
Insider Buying and Selling at Pine Cliff Energy
In related news, insider Robert Disbrow bought 50,000 shares of the stock in a transaction on Wednesday, April 20th. The shares were purchased at an average price of C$1.55 per share, for a total transaction of C$77,500.00. Following the acquisition, the insider now owns 20,674,750 shares in the company, valued at C$32,045,862.50. In other Pine Cliff Energy news, Senior Officer Terry Lee Mcneill sold 250,000 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of C$2.02, for a total transaction of C$505,000.00. Following the sale, the insider now owns 1,404,052 shares in the company, valued at approximately C$2,836,185.04. Also, insider Robert Disbrow purchased 50,000 shares of Pine Cliff Energy stock in a transaction on Wednesday, April 20th. The shares were acquired at an average cost of C$1.55 per share, for a total transaction of C$77,500.00. Following the purchase, the insider now owns 20,674,750 shares in the company, valued at C$32,045,862.50. In the last 90 days, insiders have purchased 210,900 shares of company stock worth $334,129 and have sold 458,000 shares worth $889,495.
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 oil in the Western Canadian Sedimentary Basin. It primarily holds interests in natural gas assets in the Southern and Edson areas; and oil and natural gas assets in the Viking Kinsella and Ghost Pine area of Central Alberta.
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