Scotiabank reissued their sector perform rating on shares of Pine Cliff Energy Ltd (TSE:PNE) in a research note published on Thursday. Scotiabank currently has a C$1.15 price objective on the stock.

A number of other research firms have also weighed in on PNE. Desjardins reaffirmed a buy rating and set a C$1.30 target price on shares of Pine Cliff Energy in a report on Tuesday, August 16th. CIBC lifted their target price on Pine Cliff Energy from C$1.00 to C$1.15 in a report on Wednesday, October 19th. AltaCorp Capital lifted their target price on 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. Dundee Securities lifted their target price on 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, TD Securities lifted their target price on Pine Cliff Energy from C$1.20 to C$1.35 and gave the company a buy rating in a report on Thursday, November 10th. Two equities 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 target price of C$1.38.

Pine Cliff Energy (TSE:PNE) opened at 0.98 on Thursday. The company’s market cap is $300.09 million. The company has a 50-day moving average of $1.02 and a 200-day moving average of $0.92. Pine Cliff Energy has a one year low of $0.61 and a one year 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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