Robert Disbrow Acquires 300,000 Shares of Pine Cliff Energy Ltd (PNE) Stock

Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow bought 300,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were purchased at an average cost of C$0.37 per share, with a total value of C$111,000.00.

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

  • On Thursday, January 25th, Robert Disbrow purchased 25,000 shares of Pine Cliff Energy stock. The stock was bought at an average cost of C$0.36 per share, with a total value of C$9,000.00.
  • On Friday, January 12th, Robert Disbrow purchased 75,000 shares of Pine Cliff Energy stock. The stock was bought at an average cost of C$0.36 per share, with a total value of C$27,000.00.
  • On Monday, January 15th, Robert Disbrow purchased 25,000 shares of Pine Cliff Energy stock. The stock was bought at an average cost of C$0.39 per share, with a total value of C$9,750.00.
  • On Wednesday, January 17th, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy stock. The stock was bought at an average cost of C$0.38 per share, with a total value of C$19,000.00.
  • On Wednesday, December 13th, Robert Disbrow sold 1,008,818 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.47, for a total transaction of C$474,144.46.
  • On Thursday, November 23rd, Robert Disbrow sold 82,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.53, for a total transaction of C$43,460.00.
  • On Friday, November 3rd, Robert Disbrow purchased 10,000 shares of Pine Cliff Energy stock. The stock was bought at an average cost of C$0.51 per share, with a total value of C$5,100.00.

Shares of Pine Cliff Energy Ltd (PNE) remained flat at $C$0.35 during midday trading on Friday. 40,000 shares of the stock traded hands, compared to its average volume of 2,028,856. The stock has a market capitalization of $107.48, a price-to-earnings ratio of -3.50 and a beta of 0.51. Pine Cliff Energy Ltd has a fifty-two week low of C$0.34 and a fifty-two week high of C$1.03.

Pine Cliff Energy (TSE:PNE) last issued its quarterly earnings data on Wednesday, November 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.01). 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 weighed in on the stock. National Bank Financial decreased their price target on shares of Pine Cliff Energy from C$0.65 to C$0.50 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th. Industrial Alliance Securities downgraded shares of Pine Cliff Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Clarus Securities reaffirmed a “buy” rating on shares of Pine Cliff Energy in a research note on Tuesday, October 24th. Finally, CIBC decreased their price target on shares of Pine Cliff Energy from C$0.50 to C$0.40 in a research note on Tuesday.

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About Pine Cliff Energy

Pine Cliff Energy Ltd. (Pine Cliff) is a Canada-based oil and gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas in the Western Canadian Sedimentary Basin (WCSB). It is also involved in the exploration for precious metals through its subsidiaries.

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

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