Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) Director William Sanford Rice sold 25,000 shares of Pine Cliff Energy stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of C$1.90, for a total transaction of C$47,500.00. Following the transaction, the director now directly owns 1,029,320 shares in the company, valued at C$1,955,708.
Pine Cliff Energy Trading Down 0.5 %
TSE PNE opened at C$1.91 on Friday. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.44 and a quick ratio of 1.30. The stock has a market capitalization of C$666.47 million and a P/E ratio of 4.66. The firm's 50-day moving average is C$1.68 and its two-hundred day moving average is C$1.42. Pine Cliff Energy Ltd. has a 12 month low of C$0.37 and a 12 month high of C$2.05.
Get Pine Cliff Energy alerts:Pine Cliff Energy Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 31st will be issued a $0.01 dividend. This is a positive change from Pine Cliff Energy's previous monthly dividend of $0.01. This represents a $0.12 annualized dividend and a dividend yield of 6.28%. The ex-dividend date is Friday, August 12th. Pine Cliff Energy's dividend payout ratio is currently 4.05%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Stifel Nicolaus upgraded shares of Pine Cliff Energy to a "buy" rating and raised their price target for the stock from C$2.25 to C$2.30 in a report on Thursday, June 30th. Haywood Securities cut their target price on Pine Cliff Energy from C$2.60 to C$2.40 and set an "outperform" rating for the company in a research note on Wednesday, July 27th.Pine Cliff Energy Company Profile
(Get Rating)
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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