Pine Cliff Energy (TSE:PNE) Sets New 12-Month Low – Here’s What Happened

Pine Cliff Energy Ltd. (TSE:PNE)’s share price reached a new 52-week low on Thursday . The company traded as low as C$0.74 and last traded at C$0.74, with a volume of 174859 shares. The stock had previously closed at C$0.76.

Analyst Ratings Changes

Separately, Desjardins lowered their price target on shares of 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.

Pine Cliff Energy Stock Performance

The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48. The business has a 50-day moving average of C$0.83 and a 200-day moving average of C$0.88. The company has a market capitalization of C$253.53 million, a P/E ratio of -16.90 and a beta of 0.37.

Pine Cliff Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a $0.005 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.06 annualized dividend and a dividend yield of 8.57%. Pine Cliff Energy’s dividend payout ratio (DPR) is presently -144.83%.

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.