Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) – Stock analysts at Stifel Firstegy decreased their FY2022 EPS estimates for shares of Pine Cliff Energy in a report released on Thursday, July 14th. Stifel Firstegy analyst C. Kwong now anticipates that the company will earn $0.24 per share for the year, down from their prior forecast 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 announced its earnings results on Wednesday, May 4th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate of C$0.04. The business had revenue of C$59.45 million for the quarter.
Separately, Stifel Nicolaus raised Pine Cliff Energy to a "buy" rating and increased their price target for the stock from C$2.25 to C$2.30 in a report on Thursday, June 30th.
Pine Cliff Energy Trading Up 5.2 %
Shares of PNE stock opened at C$1.63 on Monday. The company has a market capitalization of C$559.77 million and a P/E ratio of 5.82. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 58.23. The business's 50 day moving average is C$1.71 and its two-hundred day moving average is C$1.29. Pine Cliff Energy has a twelve month low of C$0.36 and a twelve month high of C$2.05.
Pine Cliff Energy Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 29th will be given a $0.0083 dividend. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $0.10 dividend on an annualized basis and a yield of 6.11%. Pine Cliff Energy's payout ratio is currently 35.71%.
Insider Buying and Selling at Pine Cliff Energy
In related news, insider Robert Disbrow sold 15,000 shares of Pine Cliff Energy stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of C$2.01, for a total value of C$30,091.50. Following the sale, the insider now directly owns 20,037,650 shares in the company, valued at C$40,197,529.67. In other Pine Cliff Energy news, Senior Officer Terry Lee Mcneill sold 250,000 shares of the company's stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of C$2.02, for a total transaction of C$505,000.00. Following the transaction, the insider now directly owns 1,404,052 shares in the company, valued at C$2,836,185.04. Also, insider Robert Disbrow sold 15,000 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of C$2.01, for a total transaction of C$30,091.50. Following the completion of the transaction, the insider now directly owns 20,037,650 shares of the company's stock, valued at C$40,197,529.67. In the last 90 days, insiders have acquired 160,900 shares of company stock valued at $256,629 and have sold 458,000 shares valued at $889,495.
About Pine Cliff Energy
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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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