Shares of Pine Cliff Energy Ltd (TSE:PNE) have received an average rating of “Buy” from the eight brokerages that are currently covering the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$1.38.

PNE has been the subject of a number of analyst reports. AltaCorp Capital upped their price objective 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. Dundee Securities upped their price objective 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. Scotiabank upped their price objective 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. Desjardins reissued a “buy” rating and issued a C$1.30 price objective on shares of Pine Cliff Energy in a report on Tuesday, August 16th. Finally, CIBC increased their target price on shares of Pine Cliff Energy from C$1.00 to C$1.15 in a research note on Wednesday, October 19th.

Pine Cliff Energy (TSE:PNE) traded up 1.00% during midday trading on Wednesday, hitting $1.01. 202,503 shares of the stock traded hands. Pine Cliff Energy has a 12-month low of $0.61 and a 12-month high of $1.13. The company’s 50-day moving average is $1.02 and its 200 day moving average is $0.94. The firm’s market cap is $310.02 million.

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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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