Pine Cliff Energy (TSE:PNE) Stock Price Crosses Above 50 Day Moving Average of $1.30

Shares of Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.30 and traded as high as C$1.30. Pine Cliff Energy shares last traded at C$1.29, with a volume of 318,466 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PNE. Stifel Nicolaus dropped their price target on Pine Cliff Energy from C$1.80 to C$1.70 in a research note on Wednesday, May 3rd. Canaccord Genuity Group lowered their target price on Pine Cliff Energy from C$1.85 to C$1.60 in a research report on Wednesday, March 29th.

Pine Cliff Energy Stock Performance

The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.48 and a current ratio of 2.28. The business’s fifty day moving average price is C$1.30 and its two-hundred day moving average price is C$1.45. The stock has a market capitalization of C$452.67 million, a P/E ratio of 4.30 and a beta of 0.79.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be given a dividend of $0.0108 per share. The ex-dividend date is Friday, May 12th. This represents a $0.13 dividend on an annualized basis and a yield of 10.05%. Pine Cliff Energy’s dividend payout ratio (DPR) is presently 43.33%.

Pine Cliff Energy Company Profile

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Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and oil in the Western Canadian Sedimentary Basin. It primarily holds interests in natural gas assets in the Southern and Edson areas; and oil and natural gas assets in the Viking Kinsella and Ghost Pine area of Central Alberta.