Pine Cliff Energy (PNE) Hits New 1-Year Low at $0.18

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Pine Cliff Energy Ltd (TSE:PNE)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.18 and last traded at C$0.19, with a volume of 277735 shares trading hands. The stock had previously closed at C$0.20.

PNE has been the subject of a number of recent analyst reports. National Bank Financial set a C$0.30 target price on Pine Cliff Energy and gave the company a “sector perform” rating in a report on Friday, May 10th. TD Securities decreased their target price on Pine Cliff Energy from C$0.30 to C$0.25 and set a “hold” rating for the company in a report on Friday, May 10th.

The company has a market capitalization of $67.56 million and a price-to-earnings ratio of -0.91. The company has a debt-to-equity ratio of 116.57, a current ratio of 1.29 and a quick ratio of 1.07.

Pine Cliff Energy (TSE:PNE) last released its earnings results on Wednesday, March 13th. The company reported C($0.09) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.08). The firm had revenue of C$30.11 million during the quarter, compared to analysts’ expectations of C$30.70 million. On average, analysts predict that Pine Cliff Energy Ltd will post -0.0900000012857143 EPS for the current fiscal year.

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Pine Cliff Energy Company Profile (TSE:PNE)

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. The company 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.

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