Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) – Stifel Firstegy raised their FY2022 earnings estimates for shares of Pine Cliff Energy in a research report issued to clients and investors on Thursday, April 21st. Stifel Firstegy analyst C. Kwong now forecasts that the company will earn $0.23 per share for the year, up from their prior estimate of $0.22. Stifel Firstegy also issued estimates for Pine Cliff Energy’s FY2023 earnings at $0.14 EPS.
Pine Cliff Energy (TSE:PNE – Get Rating) last issued its quarterly earnings data on Tuesday, March 8th. The company reported C$0.23 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.20. The business had revenue of C$54.41 million for the quarter.
In related news, insider Robert Disbrow purchased 50,000 shares of the stock in a transaction on Tuesday, February 8th. The shares were bought at an average price of C$0.71 per share, for a total transaction of C$35,500.00. Following the completion of the acquisition, the insider now directly owns 21,388,000 shares in the company, valued at approximately C$15,185,480. In the last quarter, insiders have acquired 246,000 shares of company stock worth $228,808 and have sold 350,000 shares worth $478,145.
Pine Cliff Energy Company Profile (Get Rating)
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and oil in the Western Canadian Sedimentary Basin. It 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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