Pine Cliff Energy Ltd. (TSE:PNE) Plans $0.00 Monthly Dividend

Pine Cliff Energy Ltd. (TSE:PNE) announced a monthly dividend on Tuesday, April 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 0.0013 per share on Wednesday, April 30th. This represents a $0.02 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, April 15th.

Pine Cliff Energy Price Performance

TSE PNE opened at C$0.59 on Friday. The company has a current ratio of 0.47, a quick ratio of 1.48 and a debt-to-equity ratio of 76.74. Pine Cliff Energy has a 1 year low of C$0.51 and a 1 year high of C$1.14. The company has a market cap of C$213.69 million, a PE ratio of -14.24 and a beta of 0.37. The stock’s 50-day moving average price is C$0.76 and its two-hundred day moving average price is C$0.86.

Wall Street Analyst Weigh In

PNE has been the subject of several research analyst reports. Canaccord Genuity Group upgraded shares of Pine Cliff Energy from a “hold” rating to a “buy” rating and set a C$0.90 price target for the company in a research report on Thursday, April 3rd. Desjardins reduced their target price on Pine Cliff Energy from C$1.10 to C$0.95 and set an “outperform” rating for the company in a report on Wednesday, March 19th.

About Pine Cliff Energy

Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.