Pine Cliff Energy (TSE:PNE) Price Target Cut to C$0.25
Pine Cliff Energy (TSE:PNE) had its target price reduced by CIBC from C$0.50 to C$0.25 in a research report report published on Thursday morning, BayStreet.CA reports.
Other analysts have also issued research reports about the stock. TD Securities lowered their target price on shares of Total Energy Services from C$11.50 to C$10.00 and set a hold rating for the company in a report on Friday, May 10th. Canaccord Genuity reaffirmed a buy rating and set a $7.50 target price on shares of in a report on Tuesday, July 9th. National Bank Financial lifted their target price on shares of Yamana Gold from C$3.75 to C$4.00 and gave the stock a sector perform rating in a report on Friday, May 10th. Finally, GMP Securities reaffirmed a buy rating and set a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th.
PNE opened at C$0.17 on Thursday. The stock’s fifty day simple moving average is C$0.18. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 116.57. Pine Cliff Energy has a 52 week low of C$0.16 and a 52 week high of C$0.44. The firm has a market cap of $52.20 million and a price-to-earnings ratio of -0.81.
In other Pine Cliff Energy news, insider Robert Disbrow bought 450,000 shares of the stock in a transaction on Monday, June 10th. The stock was purchased at an average price of C$0.18 per share, with a total value of C$81,000.00. Following the acquisition, the insider now owns 19,162,083 shares of the company’s stock, valued at C$3,449,174.94. Insiders have acquired a total of 521,000 shares of company stock valued at $93,830 in the last ninety days.
Pine Cliff Energy Company Profile
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. The company primarily holds interests in natural gas assets in the Southern and Edson areas; and oil and natural gas assets in the Viking Kinsella and Ghost Pine area of Central Alberta.
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