Pine Cliff Energy Ltd (PNE) Price Target Raised to C$1.15 at CIBC
Pine Cliff Energy Ltd (TSE:PNE) had its target price lifted by investment analysts at CIBC from C$1.00 to C$1.15 in a research note issued on Wednesday. CIBC’s price target would suggest a potential upside of 6.48% from the company’s previous close.
Other equities research analysts have also issued reports about the company. Desjardins reissued a “buy” rating and issued a C$1.30 price target on shares of Pine Cliff Energy in a research report on Tuesday, August 16th. Dundee Securities raised their target price on Pine Cliff Energy from C$1.40 to C$1.50 and gave the company a “buy” rating in a research report on Thursday, August 11th. TD Securities reaffirmed a “hold” rating and set a C$0.90 target price on shares of Pine Cliff Energy in a research report on Tuesday, June 28th. Scotiabank raised their target price on Pine Cliff Energy from C$0.80 to C$1.20 and gave the company a “sector perform” rating in a research report on Thursday, August 11th. Finally, AltaCorp Capital raised 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 research report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Pine Cliff Energy currently has a consensus rating of “Buy” and a consensus target price of C$1.28.
Pine Cliff Energy (TSE:PNE) remained flat at $1.08 during midday trading on Wednesday. The stock had a trading volume of 342,300 shares. The stock has a 50 day moving average of $1.05 and a 200-day moving average of $0.88. Pine Cliff Energy has a 12 month low of $0.61 and a 12 month high of $1.27. The company’s market cap is $330.71 million.
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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