Pinecrest Energy Downgraded to Sector Underperform at Scotiabank (PRY)
Pinecrest Energy (CVE:PRY) was downgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector underperform” rating in a report released on Friday, Analyst Ratings.Net reports. They currently have a C$0.10 target price on the stock, down from their previous target price of C$0.25. Scotiabank’s price objective would suggest a potential downside of 44.44% from the stock’s previous close.
Separately, analysts at Canaccord Genuity downgraded shares of Pinecrest Energy to a “hold” rating in a research note on Wednesday, January 15th. They now have a C$0.30 price target on the stock, down previously from C$0.65. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$0.55.
Pinecrest Energy Inc (CVE:PRY), formerly Antler Creek Energy Corp.
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