Pine Cliff Energy Ltd (TSE:PNE) had its price target upped by investment analysts at TD Securities from C$1.20 to C$1.35 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 45.16% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. CIBC boosted their target price on shares of Pine Cliff Energy from C$1.00 to C$1.15 in a report on Wednesday, October 19th. Desjardins reiterated a “buy” rating and set a C$1.30 price target on shares of Pine Cliff Energy in a report on Tuesday, August 16th. Scotiabank upped their price target on shares of Pine Cliff Energy from C$0.80 to C$1.20 and gave the company a “sector perform” rating in a report on Thursday, August 11th. Dundee Securities upped their price target on shares of Pine Cliff Energy from C$1.40 to C$1.50 and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, AltaCorp Capital upped their price target on shares of Pine Cliff Energy from C$1.10 to C$1.20 and gave the company a “speculative buy” rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Pine Cliff Energy presently has a consensus rating of “Buy” and a consensus price target of C$1.38.

Analyst Recommendations for Pine Cliff Energy (TSE:PNE)

Pine Cliff Energy (TSE:PNE) opened at 0.93 on Thursday. The firm’s 50 day moving average is $1.02 and its 200-day moving average is $0.92. The company’s market cap is $284.78 million. Pine Cliff Energy has a 52 week low of $0.61 and a 52 week high of $1.13.

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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