Pine Cliff Energy (TSE:PNE) had its target price lowered by National Bank Financial from C$0.65 to C$0.50 in a research note released on Tuesday morning. The firm currently has a sector perform rating on the stock.

PNE has been the topic of a number of other research reports. Clarus Securities reiterated a buy rating on shares of Pine Cliff Energy in a report on Tuesday, October 24th. Industrial Alliance Securities cut shares of Pine Cliff Energy from a buy rating to a hold rating in a report on Friday, October 27th.

Shares of Pine Cliff Energy (TSE PNE) opened at C$0.36 on Tuesday. Pine Cliff Energy has a fifty-two week low of C$0.36 and a fifty-two week high of C$1.08. The company has a market cap of $110.55, a P/E ratio of -3.60 and a beta of 0.51.

In related news, insider Robert Disbrow sold 1,008,818 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$0.47, for a total transaction of C$474,144.46.

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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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