Pine Cliff Energy Ltd. (TSE:PNE) Insider sells C$91,500.00 worth of stock

The insider of Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) Robert Disbrow sold 50,000 shares of the company in a trade that took place on Thursday, May 5. The stock was sold at an average price of CA$1.83, for a total transaction of CA$91,500.00. As a result of the sale, the insider now directly owns 20,449,750 shares of the company, valued at approximately C$37,423,042.50.

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

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

Shares of TSE PNE were down C$0.03 midday Friday, hitting C$1.84. 1,169,959 shares of the company were traded, with an average volume of 625,877. Pine Cliff Energy Ltd. has a 52-week low of C$0.28 and a 52-week high of C$1.88. The stock has a 50-day moving average price of C$1.29 and a 200-day moving average price of C$0.92. The company has a debt ratio of 100.34, a current ratio of 0.72 and a quick ratio of 0.64. The company has a market capitalization of C$624.75 million and a price/earnings ratio of 8.00.

Pine Cliff Energy (TSE:PNE – Get Rating) last released its quarterly earnings data on Tuesday, March 8. The company reported earnings per share of C$0.23 for the quarter, beating consensus analyst estimates of C$0.03 by C$0.20. The company had revenue of C$54.41 million for the quarter. As a group, analysts expect Pine Cliff Energy Ltd. shows an EPS of -0.04 for the current year.

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

Pine Cliff Energy Company Profile (Get a rating)

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development and production of natural gas and petroleum in the Western Canadian Sedimentary Basin. It primarily holds interests in natural gas assets in the Southern and Edson regions; and oil and gas assets in the Viking Kinsella and Ghost Pine area of ​​central Alberta.

See also

Insider buying and selling by quarter for Pine Cliff Energy (TSE:PNE)

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