Pine Cliff Energy (TSE:PNE) Hits New 12-Month Low – What’s Next?

Shares of Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) reached a new 52-week low on Tuesday. The company traded as low as C$0.51 and last traded at C$0.51, with a volume of 292849 shares. The stock had previously closed at C$0.54.

Pine Cliff Energy Stock Down 5.6%

The firm’s 50-day moving average price is C$0.54 and its two-hundred day moving average price is C$0.59. The company has a debt-to-equity ratio of 157.85, a quick ratio of 1.48 and a current ratio of 0.54. The firm has a market cap of C$182.99 million, a PE ratio of -25.50 and a beta of -0.04.

Pine Cliff Energy (TSE:PNE – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%.The company had revenue of C$39.46 million for the quarter. As a group, equities research analysts expect that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current fiscal year.

Pine Cliff Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.0013 dividend. This represents a $0.02 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Pine Cliff Energy’s dividend payout ratio is presently -75.00%.

About Pine Cliff Energy

(Get Free Report)

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.

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