Pine Cliff Energy (PNE) Insider Acquires C$40,500.00 in Stock

Pine Cliff Energy (TSE:PNE) insider Robert Disbrow bought 150,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were acquired at an average price of C$0.27 per share, with a total value of C$40,500.00.

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

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  • On Wednesday, April 4th, Robert Disbrow purchased 33,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.32 per share, with a total value of C$10,560.00.
  • On Thursday, March 15th, Robert Disbrow purchased 11,500 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.27 per share, with a total value of C$3,105.00.
  • On Friday, March 9th, Robert Disbrow purchased 1,500 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.28 per share, with a total value of C$420.00.
  • On Friday, March 2nd, Robert Disbrow purchased 15,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.29 per share, with a total value of C$4,350.00.
  • On Monday, March 5th, Robert Disbrow bought 25,000 shares of Pine Cliff Energy stock. The stock was bought at an average cost of C$0.29 per share, with a total value of C$7,250.00.
  • On Thursday, February 8th, Robert Disbrow bought 100,000 shares of Pine Cliff Energy stock. The stock was bought at an average cost of C$0.29 per share, with a total value of C$29,000.00.
  • On Friday, February 2nd, Robert Disbrow bought 5,500 shares of Pine Cliff Energy stock. The stock was bought at an average cost of C$0.33 per share, with a total value of C$1,815.00.
  • On Monday, February 5th, Robert Disbrow bought 19,500 shares of Pine Cliff Energy stock. The stock was bought at an average cost of C$0.33 per share, with a total value of C$6,435.00.
  • On Monday, January 29th, Robert Disbrow purchased 25,000 shares of Pine Cliff Energy stock. The shares were acquired at an average cost of C$0.35 per share, for a total transaction of C$8,750.00.
  • On Monday, January 22nd, Robert Disbrow purchased 300,000 shares of Pine Cliff Energy stock. The shares were acquired at an average cost of C$0.37 per share, for a total transaction of C$111,000.00.

Pine Cliff Energy stock traded up C$0.01 during trading hours on Friday, hitting C$0.32. The company had a trading volume of 68,508 shares, compared to its average volume of 870,912. Pine Cliff Energy has a one year low of C$0.26 and a one year high of C$0.86.

Pine Cliff Energy (TSE:PNE) last released its quarterly earnings results on Tuesday, March 13th. The company reported C($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.01). The company had revenue of C$27.38 million during the quarter, compared to the consensus estimate of C$26.30 million. Pine Cliff Energy had a negative net margin of 126.46% and a negative return on equity of 69.00%.

Several equities research analysts have commented on the stock. Desjardins cut their price target on shares of Pine Cliff Energy from C$0.50 to C$0.40 in a research report on Wednesday, February 14th. National Bank Financial cut their price target on shares of Pine Cliff Energy from C$0.50 to C$0.30 and set a “sector perform” rating on the stock in a research report on Wednesday, March 14th. Canaccord Genuity dropped their target price on shares of Pine Cliff Energy from C$0.80 to C$0.60 in a report on Wednesday, March 14th. CIBC dropped their target price on shares of Pine Cliff Energy from C$0.50 to C$0.40 in a report on Tuesday, January 23rd. Finally, TD Securities dropped their target price on shares of Pine Cliff Energy from C$0.50 to C$0.35 and set a “hold” rating on the stock in a report on Thursday, March 15th.

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Pine Cliff Energy Company Profile

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.

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

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