Pine Cliff Energy Ltd. (TSE:PNE) Insider Robert Disbrow Sells 23,000 Shares

Pine Cliff Energy Ltd. (TSE:PNEGet Rating) insider Robert Disbrow sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of C$1.95, for a total value of C$44,850.00. Following the completion of the sale, the insider now owns 20,106,750 shares of the company’s stock, valued at C$39,208,162.50.

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

  • On Monday, May 16th, Robert Disbrow sold 10,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$1.71, for a total transaction of C$17,072.00.
  • On Friday, May 13th, Robert Disbrow sold 25,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$1.68, for a total transaction of C$42,000.00.
  • On Wednesday, May 11th, Robert Disbrow sold 10,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$1.74, for a total transaction of C$17,426.00.
  • On Monday, May 9th, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy stock. The shares were bought at an average price of C$1.66 per share, with a total value of C$83,000.00.
  • On Thursday, May 5th, Robert Disbrow sold 50,000 shares of Pine Cliff Energy stock. The stock was sold at an average price of C$1.83, for a total transaction of C$91,500.00.
  • On Monday, April 25th, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy stock. The shares were bought at an average price of C$1.42 per share, with a total value of C$71,000.00.
  • On Wednesday, April 20th, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy stock. The shares were bought at an average price 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 stock was sold at an average price of C$1.70, for a total transaction of C$85,000.00.
  • On Thursday, April 14th, Robert Disbrow sold 25,000 shares of Pine Cliff Energy stock. The stock was sold at an average price of C$1.66, for a total transaction 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.

Shares of PNE stock traded up C$0.06 during trading hours on Thursday, hitting C$1.98. 1,214,211 shares of the company were exchanged, compared to its average volume of 711,477. The firm has a fifty day simple moving average of C$1.43 and a 200 day simple moving average of C$0.97. The company has a current ratio of 0.72, a quick ratio of 0.64 and a debt-to-equity ratio of 100.34. Pine Cliff Energy Ltd. has a 52-week low of C$0.30 and a 52-week high of C$1.99. The stock has a market capitalization of C$679.96 million and a price-to-earnings ratio of 8.35.

Pine Cliff Energy (TSE:PNEGet Rating) last announced its quarterly earnings results on Tuesday, March 8th. The company reported C$0.23 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.20. The firm had revenue of C$54.41 million during the quarter. Sell-side analysts anticipate that Pine Cliff Energy Ltd. will post -0.04 EPS for the current year.

Separately, Stifel Nicolaus upped their price target on shares of Pine Cliff Energy from C$1.30 to C$2.25 in a research report on Friday, May 6th.

About Pine Cliff Energy (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)

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