Terry Lee Mcneill sells 250,000 shares of Pine Cliff Energy Ltd. (TSE: PNE)
Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) Senior officer Terry Lee Mcneill sold 250,000 shares of the company in a trade dated Wednesday, June 8. The stock was sold at an average price of CA$2.02, for a total value of CA$505,000.00. Following the transaction, the insider now owns 1,404,052 shares of the company, valued at C$2,836,185.04.
The PNE traded at C$0.12 midday on Friday, reaching C$1.90. 354,748 shares of the company were traded, compared to its average volume of 759,596. Pine Cliff Energy Ltd. has a 52-week low of C$0.33 and a 52-week high of C$2.05. The stock has a market cap of C$652.49 million and a price-to-earnings ratio of 7.51. The company has a fifty-day moving average of C$1.72 and a two-hundred-day moving average of C$1.11. The company has a debt ratio of 58.23, a current ratio of 1.07 and a quick ratio of 0.98.
Pine Cliff Energy (TSE:PNE – Get Rating) last released its quarterly results on Tuesday, March 8. The company reported earnings per share (EPS) of C$0.23 for the quarter, beating analyst consensus estimates of C$0.03 by C$0.20. The company had revenue of C$54.41 million in the quarter. Sell-side analysts expect Pine Cliff Energy Ltd. will show an EPS of -0.04 for the current year.
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The company also recently declared a monthly dividend, which will be paid on Thursday, June 30. Shareholders of record on Thursday, June 30 will receive a dividend of $0.0083 per share. The ex-date of this dividend is Tuesday, June 14. This represents a dividend of $0.10 on an annualized basis and a yield of 5.24%. Pine Cliff Energy’s dividend payout ratio is currently 37.17%.
Separately, Stifel Nicolaus raised his price target on Pine Cliff Energy from CA$1.30 to CA$2.25 in a Friday, May 6 research note.
About Pine Cliff Energy (Get a rating)
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development and production of natural gas and petroleum in the Western Canadian Sedimentary Basin. It primarily holds interests in natural gas assets in the Southern and Edson regions; and oil and gas assets in the Viking Kinsella and Ghost Pine area of central Alberta.
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