Pine Cliff Energy Ltd (PNE) Price Target Raised to C$1.15 at CIBC
Pine Cliff Energy Ltd (TSE:PNE) had its target price lifted by research analysts at CIBC from C$1.00 to C$1.15 in a report issued on Wednesday. CIBC’s target price indicates a potential upside of 6.48% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. Desjardins reaffirmed a “buy” rating and set a C$1.30 price objective on shares of Pine Cliff Energy in a research report on Tuesday, August 16th. Scotiabank lifted their price objective on shares of Pine Cliff Energy from C$0.80 to C$1.20 and gave the stock a “sector perform” rating in a research report on Thursday, August 11th. Dundee Securities boosted their target price on shares of Pine Cliff Energy from C$1.40 to C$1.50 and gave the company a “buy” rating in a research report on Thursday, August 11th. AltaCorp Capital boosted their target price on shares of Pine Cliff Energy from C$1.10 to C$1.20 and gave the company a “speculative buy” rating in a research report on Thursday, August 11th. Finally, TD Securities reissued a “hold” rating and issued a C$0.90 target price on shares of Pine Cliff Energy in a research report on Tuesday, June 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$1.28.
Shares of Pine Cliff Energy (TSE:PNE) remained flat at $1.08 during midday trading on Wednesday. The stock had a trading volume of 342,300 shares. The firm’s market cap is $330.71 million. The stock’s 50 day moving average is $1.05 and its 200-day moving average is $0.88. Pine Cliff Energy has a 12 month low of $0.61 and a 12 month high of $1.27.
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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