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

Pine Cliff Energy Ltd. (TSE:PNE)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.51 and last traded at C$0.55, with a volume of 205431 shares changing hands. The stock had previously closed at C$0.55.

Analyst Ratings Changes

A number of analysts have recently weighed in on PNE shares. Desjardins reduced 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 research note on Wednesday, March 19th. Canaccord Genuity Group raised Pine Cliff Energy from a “hold” rating to a “buy” rating and set a C$0.90 target price on the stock in a report on Thursday, April 3rd.

Pine Cliff Energy Trading Up 1.7 %

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 stock has a market capitalization of C$213.69 million, a price-to-earnings ratio of -14.24 and a beta of 0.37. The business has a fifty day moving average of C$0.76 and a 200-day moving average of C$0.86.

Pine Cliff Energy Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th will be issued a $0.0013 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 2.64%. Pine Cliff Energy’s payout ratio is currently -144.83%.

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.