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National Bank Financial started coverage on shares of Pine Cliff Energy (CVE:PNE) in a research note issued on Tuesday. The firm set an “outperform” rating and a C$2.25 price target on the stock. National Bank Financial’s price target points to a potential upside of 21.62% from the company’s current price.

PNE has been the subject of a number of other recent research reports. Analysts at Paradigm Capital raised their price target on shares of Pine Cliff Energy from C$2.00 to C$2.25 in a research note on Friday, July 18th. They now have a “buy” rating on the stock. Separately, analysts at Jennings Capital raised their price target on shares of Pine Cliff Energy from C$1.65 to C$1.85 in a research note on Friday, July 18th. Finally, analysts at Haywood Securities raised their price target on shares of Pine Cliff Energy from C$0.50 to C$2.25 in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of C$2.23.

Pine Cliff Energy Ltd (CVE:PNE) is a Canada-based company engaged in the business of oil and natural gas exploration, development and production.

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