Pine Cliff Energy Ltd (TSE:PNE) – Research analysts at Cormark lifted their FY2017 EPS estimates for shares of Pine Cliff Energy in a report released on Wednesday. Cormark analyst A. Arif now expects that the firm will post earnings of $0.00 per share for the year, up from their prior forecast of ($0.01).

“Brokers Issue Forecasts for Pine Cliff Energy Ltd’s FY2017 Earnings (PNE)” was reported by Watch List News and is the property of of Watch List News. If you are viewing this news story on another website, it was copied illegally and reposted in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at http://www.watchlistnews.com/brokers-issue-forecasts-for-pine-cliff-energy-ltds-fy2017-earnings-pne/1120825.html.

Other analysts also recently issued research reports about the stock. CIBC reduced their price target on shares of Pine Cliff Energy from C$1.15 to C$1.05 in a research report on Wednesday, January 25th. Desjardins lifted their price target on shares of Pine Cliff Energy from C$1.30 to C$1.40 in a research report on Wednesday, December 7th. Dundee Securities lifted their price target on shares of Pine Cliff Energy from C$1.80 to C$1.85 in a research report on Thursday, November 10th. TD Securities lifted their price target on shares of Pine Cliff Energy from C$1.20 to C$1.35 and gave the company a “buy” rating in a research report on Thursday, November 10th. Finally, National Bank Financial reduced their price target on shares of Pine Cliff Energy from C$1.35 to C$1.05 and set a “sector perform” rating for the company in a research report on Thursday, February 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$1.28.

Shares of Pine Cliff Energy (TSE:PNE) traded down 3.61% during trading on Thursday, hitting $0.80. 5,714,194 shares of the stock traded hands. Pine Cliff Energy has a 1-year low of $0.61 and a 1-year high of $1.22. The stock has a 50 day moving average price of $1.01 and a 200-day moving average price of $1.03. The stock’s market cap is $245.56 million.

“Brokers Issue Forecasts for Pine Cliff Energy Ltd’s FY2017 Earnings (PNE)” was reported by Watch List News and is the property of of Watch List News. If you are viewing this news story on another website, it was copied illegally and reposted in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at http://www.watchlistnews.com/brokers-issue-forecasts-for-pine-cliff-energy-ltds-fy2017-earnings-pne/1120825.html.

Pine Cliff Energy Company Profile

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.

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