Insider Buying: Pine Cliff Energy Ltd. (TSE:PNE) Director Purchases 20,000 Shares of Stock

Posted by Francis Steltz on Apr 19th, 2025

Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) Director Amber Foulkes Hilary purchased 20,000 shares of the business’s stock in a transaction dated Thursday, April 17th. The stock was bought at an average price of C$0.59 per share, with a total value of C$11,800.00.

Pine Cliff Energy Price Performance

Pine Cliff Energy stock opened at C$0.57 on Friday. The company has a quick ratio of 1.48, a current ratio of 0.47 and a debt-to-equity ratio of 76.74. The firm’s 50-day simple moving average is C$0.74 and its 200 day simple moving average is C$0.85. Pine Cliff Energy Ltd. has a 52 week low of C$0.51 and a 52 week high of C$1.14. The firm has a market capitalization of C$206.45 million, a PE ratio of -13.76 and a beta of 0.37.

Pine Cliff Energy Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th will be given a $0.0013 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.02 annualized dividend and a dividend yield of 2.74%. Pine Cliff Energy’s dividend payout ratio is presently -144.83%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Canaccord Genuity Group upgraded shares of Pine Cliff Energy from a “hold” rating to a “buy” rating and set a C$0.90 target price on the stock in a research report on Thursday, April 3rd. Desjardins lowered their price target on Pine Cliff Energy from C$1.10 to C$0.95 and set an “outperform” rating on the stock in a report on Wednesday, March 19th.

View Our Latest Report on PNE

Pine Cliff Energy Company Profile

(Get Free Report)

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.