Desjardins lowered shares of Pine Cliff Energy (TSE:PNE – Free Report) from a moderate buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.
Pine Cliff Energy Stock Performance
Shares of Pine Cliff Energy stock opened at C$0.76 on Tuesday. Pine Cliff Energy has a 12 month low of C$0.74 and a 12 month high of C$1.14. The stock’s fifty day moving average price is C$0.85 and its 200-day moving average price is C$0.89. The firm has a market cap of C$275.26 million, a P/E ratio of -18.35 and a beta of 0.37. 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 Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a $0.005 dividend. This represents a $0.06 annualized dividend and a yield of 7.89%. The ex-dividend date of this dividend is Friday, March 14th. Pine Cliff Energy’s dividend payout ratio is presently -144.83%.
Insider Transactions at Pine Cliff Energy
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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