Pine Cliff Energy Ltd. (TSE:PNE) Announces Monthly Dividend of $0.01

Posted by Steven Smith on Sep 15th, 2024

Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) announced a monthly dividend on Wednesday, September 4th, Zacks reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.005 per share on Friday, September 27th. This represents a $0.06 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend is Monday, September 16th.

Pine Cliff Energy Trading Down 1.0 %

TSE:PNE traded down C$0.01 during mid-day trading on Friday, hitting C$0.95. 100,650 shares of the stock traded hands, compared to its average volume of 265,726. The firm’s 50 day moving average is C$0.93 and its two-hundred day moving average is C$0.99. The company has a quick ratio of 1.48, a current ratio of 0.50 and a debt-to-equity ratio of 81.31. The stock has a market capitalization of C$340.01 million, a price-to-earnings ratio of -95.00 and a beta of 0.37. Pine Cliff Energy has a 52 week low of C$0.85 and a 52 week high of C$1.68.

Pine Cliff Energy (TSE:PNE – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$46.61 million for the quarter. Pine Cliff Energy had a negative net margin of 2.14% and a negative return on equity of 4.03%. On average, equities research analysts predict that Pine Cliff Energy will post 0.0099907 earnings per share for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered Pine Cliff Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$1.20 to C$1.10 in a report on Wednesday, June 5th.

Check Out Our Latest Analysis on PNE

Pine Cliff Energy Company Profile

(Get Free Report)

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.