Pine Cliff Energy Ltd. Announces Monthly Dividend of $0.01 (TSE:PNE)

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Wednesday, September 4th, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.005 per share on Friday, September 27th. This represents a $0.06 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend is Monday, September 16th.

Pine Cliff Energy Trading Down 1.0 %

Shares of TSE:PNE opened at C$0.95 on Friday. Pine Cliff Energy has a 52 week low of C$0.85 and a 52 week high of C$1.68. The company’s 50 day moving average is C$0.93 and its two-hundred day moving average is C$0.99. The company has a market cap of C$340.01 million, a PE ratio of -95.00 and a beta of 0.37. The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31.

Pine Cliff Energy (TSE:PNE) last posted its earnings results on Thursday, August 8th. The company reported C($0.01) EPS for the quarter. Pine Cliff Energy had a negative net margin of 2.14% and a negative return on equity of 4.03%. The business had revenue of C$46.61 million during the quarter. Equities analysts predict that Pine Cliff Energy will post 0.0099907 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group downgraded Pine Cliff Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$1.20 to C$1.10 in a report on Wednesday, June 5th.

About Pine Cliff Energy

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.