Pine Cliff Energy Ltd (PNE) Given Average Rating of “Buy” by Brokerages
Pine Cliff Energy Ltd (TSE:PNE) has earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$1.26.
A number of equities analysts have commented on PNE shares. TD Securities reiterated a “hold” rating and issued a C$0.90 target price on shares of Pine Cliff Energy in a report on Tuesday, June 28th. Scotiabank reiterated an “underperform” rating and issued a C$0.75 target price on shares of Pine Cliff Energy in a report on Tuesday, June 28th. AltaCorp Capital boosted their target price on shares of Pine Cliff Energy from C$1.10 to C$1.20 and gave the stock a “speculative buy” rating in a report on Thursday, August 11th. Dundee Securities boosted their target price on shares of Pine Cliff Energy from C$1.40 to C$1.50 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, Desjardins reiterated a “buy” rating and issued a C$1.30 target price on shares of Pine Cliff Energy in a report on Tuesday, August 16th.
Shares of Pine Cliff Energy (TSE:PNE) traded down 0.92% during mid-day trading on Tuesday, hitting $1.08. 852,730 shares of the stock were exchanged. The stock’s 50 day moving average is $1.05 and its 200-day moving average is $0.88. Pine Cliff Energy has a 12 month low of $0.61 and a 12 month high of $1.30. The stock’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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