Shares of Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1.02 and traded as high as C$1.02. Pine Cliff Energy shares last traded at C$0.99, with a volume of 80,918 shares trading hands.
Analyst Ratings Changes
PNE has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their target price on shares of Pine Cliff Energy from C$1.50 to C$1.40 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Desjardins decreased their price target on Pine Cliff Energy from C$1.25 to C$1.20 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Finally, Canaccord Genuity Group dropped their price objective on Pine Cliff Energy from C$1.40 to C$1.20 and set a “buy” rating on the stock in a research note on Wednesday, April 17th.
Check Out Our Latest Stock Report on Pine Cliff Energy
Pine Cliff Energy Price Performance
Pine Cliff Energy Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were given a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend was Friday, April 12th. Pine Cliff Energy’s payout ratio is 200.00%.
Insider Buying and Selling at Pine Cliff Energy
In other Pine Cliff Energy news, Director Philip Blake Hodge purchased 25,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were acquired at an average price of C$1.02 per share, for a total transaction of C$25,402.50. Company insiders own 10.84% of the company’s stock.
About Pine Cliff Energy
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.
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