Pine Cliff Energy (PNE) Sets New 52-Week Low at $0.20

Shares of Pine Cliff Energy Ltd (TSE:PNE) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.20 and last traded at C$0.22, with a volume of 31133 shares trading hands. The stock had previously closed at C$0.23.

Several research firms have issued reports on PNE. National Bank Financial set a C$0.30 price objective on Pine Cliff Energy and gave the company a “sector perform” rating in a research note on Friday, May 10th. TD Securities decreased their target price on Pine Cliff Energy from C$0.30 to C$0.25 and set a “hold” rating on the stock in a research report on Friday, May 10th. Finally, Haywood Securities decreased their target price on Pine Cliff Energy from C$0.50 to C$0.45 in a research report on Thursday, January 17th.

The company has a quick ratio of 0.89, a current ratio of 1.09 and a debt-to-equity ratio of 98.86. The stock has a market cap of $70.63 million and a P/E ratio of -0.90.



Pine Cliff Energy (TSE:PNE) last posted its earnings results on Wednesday, March 13th. The company reported C($0.09) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.08). The firm had revenue of C$30.11 million during the quarter, compared to the consensus estimate of C$30.70 million. On average, equities research analysts predict that Pine Cliff Energy Ltd will post -0.0900000016363637 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Pine Cliff Energy (PNE) Sets New 52-Week Low at $0.20” was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://dakotafinancialnews.com/2019/05/16/pine-cliff-energy-pne-sets-new-52-week-low-at-0-20.html.

Pine Cliff Energy Company Profile (TSE:PNE)

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. The company 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.

Featured Article: Candlestick

Receive News & Ratings for Pine Cliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pine Cliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.