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

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

Pine Cliff Energy Stock Performance

Shares of PNE stock opened at C$0.59 on Friday. Pine Cliff Energy has a fifty-two week low of C$0.51 and a fifty-two week high of C$1.14. The stock’s 50-day moving average is C$0.76 and its two-hundred day moving average is C$0.86. 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 firm has a market cap of C$213.69 million, a P/E ratio of -14.24 and a beta of 0.37.

Analyst Ratings Changes

Several equities analysts recently weighed in on PNE shares. Desjardins cut their price objective on shares of Pine Cliff Energy from C$1.10 to C$0.95 and set an “outperform” rating on the stock in a research report on Wednesday, March 19th. 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 on the stock in a report on Thursday, April 3rd.

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.