Insider Selling: Pine Cliff Energy Ltd. (TSE: PNE) Insider sells 15,000 shares

The insider of Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) Robert Disbrow sold 15,000 shares of the company in a trade on Thursday, May 26. The shares were sold at an average price of C$2.01, for a total value of C$30,091.50. Following the completion of the transaction, the insider now owns 20,037,650 shares of the company, valued at C$40,197,529.67.

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

  • On Tuesday, May 24, Robert Disbrow sold 10,000 shares of Pine Cliff Energy. The shares were sold at an average price of CA$1.91, for a total value of CA$19,055.00.
  • On Friday, May 20, Robert Disbrow purchased 37,900 shares of Pine Cliff Energy. The shares were purchased at an average price of CA$1.83 per share, with a total value of CA$69,357.00.
  • On Wednesday, May 18, Robert Disbrow sold 23,000 shares of Pine Cliff Energy. The shares were sold at an average price of CA$1.95, for a total value of CA$44,850.00.
  • On Monday, May 16, Robert Disbrow sold 10,000 shares of Pine Cliff Energy. The shares were sold at an average price of CA$1.71, for a total value of CA$17,072.00.
  • On Friday May 13, Robert Disbrow sold 25,000 shares of Pine Cliff Energy. The shares were sold at an average price of CA$1.68, for a total value of CA$42,000.00.
  • On Wednesday May 11, Robert Disbrow sold 10,000 shares of Pine Cliff Energy. The shares were sold at an average price of CA$1.74, for a total value of CA$17,426.00.
  • On Monday, May 9, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy. The stock was purchased at an average price of CA$1.66 per share, for a total transaction of CA$83,000.00.
  • On Thursday, May 5, Robert Disbrow sold 50,000 shares of Pine Cliff Energy. The stock was sold at an average price of CA$1.83, for a total value of CA$91,500.00.
  • On Monday, April 25, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy. The shares were acquired at an average price of CA$1.42 per share, for a total transaction of CA$71,000.00.
  • On Wednesday, April 20, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy. The shares were acquired at an average price of CA$1.55 per share, for a total transaction of CA$77,500.00.
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Shares of PNE were down C$0.04 during Friday trading hours, hitting C$1.95. 410,217 shares of the company were traded, with an average volume of 727,951. The stock’s 50-day moving average is C$1.55 and its 200-day moving average is C$1.02. The company has a debt ratio of 58.23, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market cap of C$669.66 million and a price-earnings ratio of 7.40. Pine Cliff Energy Ltd. has a 52-week low of C$0.31 and a 52-week high of C$2.05.

Pine Cliff Energy (TSE:PNE – Get Rating) last released its quarterly results on Tuesday, March 8. The company reported earnings per share (EPS) of C$0.23 for the quarter, beating the consensus estimate of C$0.03 by C$0.20. The company had revenue of C$54.41 million in the quarter. Equity research analysts predict that Pine Cliff Energy Ltd. will show earnings per share of -0.0400993 for the current fiscal year.

Separately, Stifel Nicolaus raised his price target on Pine Cliff Energy from C$1.30 to C$2.25 in a Friday, May 6 report.

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.

Further reading

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

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