Insider Selling: Pine Cliff Energy Ltd. (TSE:PNE) Insider Sells 50,000 Shares of Stock

Pine Cliff Energy Ltd. (TSE:PNEGet Rating) insider Robert Disbrow sold 50,000 shares of Pine Cliff Energy stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of C$1.83, for a total value of C$91,500.00. Following the transaction, the insider now directly owns 20,449,750 shares in the company, valued at approximately C$37,423,042.50.

Robert Disbrow also recently made the following trade(s):

  • On Monday, April 25th, Robert Disbrow bought 50,000 shares of Pine Cliff Energy stock. The shares were acquired at an average cost of C$1.42 per share, for a total transaction of C$71,000.00.
  • On Wednesday, April 20th, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$1.55 per share, with a total value of C$77,500.00.
  • On Monday, April 18th, Robert Disbrow sold 50,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$1.70, for a total value of C$85,000.00.
  • On Thursday, April 14th, Robert Disbrow sold 25,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$1.66, for a total value of C$41,395.00.
  • On Monday, April 11th, Robert Disbrow sold 50,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$1.60, for a total value of C$80,000.00.
  • On Friday, April 8th, Robert Disbrow sold 25,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$1.59, for a total value of C$39,750.00.
  • On Friday, April 1st, Robert Disbrow sold 100,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$1.22, for a total value of C$122,000.00.
  • On Monday, March 28th, Robert Disbrow sold 50,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$1.12, for a total value of C$56,000.00.
  • On Friday, March 25th, Robert Disbrow sold 50,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$1.08, for a total value of C$54,000.00.
  • On Friday, February 25th, Robert Disbrow bought 25,000 shares of Pine Cliff Energy stock. The stock was bought at an average price of C$0.80 per share, with a total value of C$19,927.50.

PNE traded down C$0.03 on Friday, hitting C$1.84. The company had a trading volume of 1,169,959 shares, compared to its average volume of 625,877. The company’s fifty day moving average price is C$1.29 and its 200 day moving average price is C$0.92. Pine Cliff Energy Ltd. has a 1-year low of C$0.28 and a 1-year high of C$1.88. The company has a debt-to-equity ratio of 100.34, a current ratio of 0.72 and a quick ratio of 0.64. The stock has a market cap of C$624.75 million and a price-to-earnings ratio of 8.00.

Pine Cliff Energy (TSE:PNEGet Rating) last posted its earnings results on Tuesday, March 8th. The company reported C$0.23 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.20. The company had revenue of C$54.41 million during the quarter. On average, sell-side analysts forecast that Pine Cliff Energy Ltd. will post -0.04 EPS for the current year.

Separately, Stifel Nicolaus boosted their target price on Pine Cliff Energy from C$1.30 to C$2.25 in a report on Friday.

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.

Further Reading

Insider Buying and Selling by Quarter for Pine Cliff Energy (TSE:PNE)

Receive News & Ratings for Pine Cliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pine Cliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.