Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) Director William Sanford Rice sold 25,000 shares of the company's stock in a transaction on Thursday, August 11th. The shares were sold at an average price of C$1.90, for a total value of C$47,500.00. Following the transaction, the director now directly owns 1,029,320 shares in the company, valued at approximately C$1,955,708.
Pine Cliff Energy Trading Down 0.5 %
TSE:PNE opened at C$1.91 on Monday. The firm has a market capitalization of C$666.47 million and a price-to-earnings ratio of 4.66. The company has a current ratio of 1.44, a quick ratio of 1.30 and a debt-to-equity ratio of 3.37. The business's 50-day moving average price is C$1.68 and its two-hundred day moving average price is C$1.43. Pine Cliff Energy Ltd. has a 1-year low of C$0.37 and a 1-year high of C$2.05.
Get Pine Cliff Energy alerts:Pine Cliff Energy Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.28%. This is a positive change from Pine Cliff Energy's previous monthly dividend of $0.01. Pine Cliff Energy's dividend payout ratio (DPR) is currently 4.05%.
Wall Street Analyst Weigh In
PNE has been the topic of several analyst reports. Haywood Securities cut their target price on Pine Cliff Energy from C$2.60 to C$2.40 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. Stifel Nicolaus raised Pine Cliff Energy to a "buy" rating and increased their target price for the company from C$2.25 to C$2.30 in a research note on Thursday, June 30th.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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