Q3 2017 EPS Estimates for Pine Cliff Energy Ltd Decreased by Cormark (TSE:PNE)
Pine Cliff Energy Ltd (TSE:PNE) – Cormark dropped their Q3 2017 earnings per share (EPS) estimates for Pine Cliff Energy in a note issued to investors on Thursday. Cormark analyst A. Arif now forecasts that the company will post earnings of ($0.03) per share for the quarter, down from their prior forecast of ($0.02). Cormark also issued estimates for Pine Cliff Energy’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.06) EPS, Q1 2018 earnings at ($0.02) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at ($0.02) EPS, Q4 2018 earnings at ($0.02) EPS and FY2018 earnings at ($0.08) EPS.
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Separately, TD Securities decreased their price objective on shares of Pine Cliff Energy from C$0.85 to C$0.80 and set a “hold” rating on the stock in a report on Friday.
Shares of Pine Cliff Energy (TSE PNE) opened at 0.71 on Monday. The stock’s market cap is $150.38 million. The company’s 50-day moving average is $0.72 and its 200 day moving average is $0.77. Pine Cliff Energy has a 1-year low of $0.65 and a 1-year high of $1.22.
In other Pine Cliff Energy news, insider George Frederick Fink bought 59,000 shares of Pine Cliff Energy stock in a transaction dated Friday, May 19th. The shares were bought at an average price of C$0.85 per share, with a total value of C$50,150.00. Also, insider Robert Disbrow bought 50,000 shares of Pine Cliff Energy stock in a transaction dated Monday, July 24th. The stock was acquired at an average cost of C$0.69 per share, for a total transaction of C$34,500.00. Insiders bought a total of 321,500 shares of company stock worth $241,675 in the last ninety days.
Pine Cliff Energy Company Profile
Pine Cliff Energy Ltd. engages in the acquisition, exploration for, 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 core area and Edson core area; and oil and natural gas assets in the Viking and Ghost Pine area of Central Alberta.
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