Dundee Securities Boosts Pine Cliff Energy Ltd (PNE) Price Target to C$1.85
A number of other analysts also recently commented on the company. TD Securities upped their target price on Pine Cliff Energy from C$1.20 to C$1.35 and gave the stock a buy rating in a research note on Thursday, November 10th. AltaCorp Capital upped their target price on Pine Cliff Energy from C$1.10 to C$1.20 and gave the stock a speculative buy rating in a research note on Thursday, August 11th. CIBC upped their target price on Pine Cliff Energy from C$1.00 to C$1.15 in a research note on Wednesday, October 19th. Desjardins restated a buy rating and issued a C$1.30 target price on shares of Pine Cliff Energy in a research note on Tuesday, August 16th. Finally, Scotiabank upped their target price on Pine Cliff Energy from C$0.80 to C$1.20 and gave the stock a sector perform rating in a research note 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’s stock. The company has an average rating of Buy and a consensus price target of C$1.38.
Pine Cliff Energy (TSE:PNE) opened at 0.98 on Thursday. The firm’s 50-day moving average price is $1.02 and its 200 day moving average price is $0.92. The stock’s market cap is $300.09 million. Pine Cliff Energy has a 12-month low of $0.61 and a 12-month high of $1.13.
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.
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