Pine Cliff Energy (TSE:PNE) Price Target Lowered to C$1.40 at Stifel Nicolaus

Pine Cliff Energy (TSE:PNEFree Report) had its price objective cut by Stifel Nicolaus from C$1.50 to C$1.40 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Separately, Canaccord Genuity Group cut their price objective on shares of Pine Cliff Energy from C$1.55 to C$1.40 in a research report on Tuesday.

Check Out Our Latest Report on Pine Cliff Energy

Pine Cliff Energy Stock Performance

TSE:PNE opened at C$1.02 on Wednesday. The firm has a 50 day simple moving average of C$1.30 and a 200-day simple moving average of C$1.39. The company has a debt-to-equity ratio of 3.11, a current ratio of 1.92 and a quick ratio of 1.48. The firm has a market cap of C$363.19 million, a PE ratio of 11.33 and a beta of 0.51. Pine Cliff Energy has a 1-year low of C$0.94 and a 1-year high of C$1.68.

Pine Cliff Energy Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be given a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend is Thursday, March 14th. Pine Cliff Energy’s dividend payout ratio (DPR) is 144.44%.

Pine Cliff Energy Company Profile

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Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Southern Alberta, Southern Saskatchewan, and Edson areas, as well as in the Viking and Ghost Pine area of Central Alberta.

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