Pine Cliff Energy Ltd (PNE) PT Lowered to C$1.50 at Canaccord Genuity
A number of other equities research analysts also recently weighed in on PNE. Scotiabank raised their price target on Pine Cliff Energy from C$1.15 to C$1.30 and gave the stock a sector perform rating in a research note on Wednesday, December 7th. TD Securities reaffirmed a buy rating and set a C$1.35 price target on shares of Pine Cliff Energy in a research note on Wednesday, December 7th. CIBC cut their price target on Pine Cliff Energy from C$1.15 to C$1.05 in a research note on Wednesday, January 25th. Desjardins raised their price target on Pine Cliff Energy from C$1.30 to C$1.40 in a research note on Wednesday, December 7th. Finally, National Bank Financial cut their price target on Pine Cliff Energy from C$1.35 to C$1.05 and set a sector perform rating for the company in a research note on Thursday, February 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pine Cliff Energy currently has an average rating of Buy and a consensus price target of C$1.31.
Pine Cliff Energy (TSE:PNE) opened at 0.73 on Wednesday. The stock’s 50 day moving average price is $0.80 and its 200 day moving average price is $0.99. The stock’s market capitalization is $224.08 million. Pine Cliff Energy has a 1-year low of $0.61 and a 1-year high of $1.22.
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In related news, insider Robert Disbrow acquired 88,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were acquired at an average cost of C$0.78 per share, with a total value of C$69,030.00. Insiders purchased a total of 438,500 shares of company stock worth $341,780 over the last three months.
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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