Pine Cliff Energy (TSE:PNE) Sets New 1-Year Low – Should You Sell?

Pine Cliff Energy Ltd. (TSE:PNE) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.83 and last traded at C$0.83, with a volume of 94380 shares. The stock had previously closed at C$0.85.

Pine Cliff Energy Stock Performance

The stock has a market cap of C$300.64 million, a price-to-earnings ratio of -84.00 and a beta of 0.37. The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31. The stock’s 50-day moving average is C$0.95 and its 200-day moving average is C$0.98.

Pine Cliff Energy (TSE:PNE) last released its quarterly earnings data on Thursday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$46.61 million during the quarter. Pine Cliff Energy had a negative return on equity of 4.03% and a negative net margin of 2.14%. On average, analysts expect that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current year.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.005 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date is Friday, November 15th. Pine Cliff Energy’s dividend payout ratio is presently -600.00%.

Pine Cliff Energy Company Profile

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.