Pine Cliff Energy Ltd (PNE) Insider Robert Disbrow Acquires 58,000 Shares

Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow bought 58,000 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were acquired at an average cost of C$0.33 per share, for a total transaction of C$19,140.00.

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

  • On Friday, September 7th, Robert Disbrow sold 10,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.35, for a total transaction of C$3,500.00.
  • On Friday, July 27th, Robert Disbrow sold 25,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.43, for a total transaction of C$10,750.00.

TSE:PNE opened at C$0.31 on Tuesday. Pine Cliff Energy Ltd has a fifty-two week low of C$0.26 and a fifty-two week high of C$0.68.

Pine Cliff Energy (TSE:PNE) last released its quarterly earnings results on Wednesday, August 8th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.03). Pine Cliff Energy had a negative net margin of 126.46% and a negative return on equity of 69.00%. The firm had revenue of C$20.42 million during the quarter, compared to the consensus estimate of C$23.30 million.

Separately, CIBC raised shares of Pine Cliff Energy from an “underperform” rating to a “neutral” rating and raised their target price for the company from C$0.35 to C$0.50 in a research report on Friday, July 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Pine Cliff Energy has a consensus rating of “Hold” and an average target price of C$0.45.

About Pine Cliff Energy

Pine Cliff Energy Ltd. engages in the acquisition, exploration for, 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 core area and Edson core area; and oil and natural gas assets in the Viking and Ghost Pine area of Central Alberta.

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

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