Pine Cliff Energy (TSE:PNE) had its price objective cut by research analysts at Canaccord Genuity from C$0.80 to C$0.60 in a report released on Wednesday. Canaccord Genuity’s price target indicates a potential upside of 122.22% from the company’s current price.
PNE has been the topic of a number of other research reports. National Bank Financial decreased their price objective on shares of Pine Cliff Energy from C$0.65 to C$0.50 and set a “sector perform” rating on the stock in a report on Tuesday, January 9th. CIBC decreased their price objective on shares of Pine Cliff Energy from C$0.50 to C$0.40 in a report on Tuesday, January 23rd. Finally, Desjardins decreased their price objective on shares of Pine Cliff Energy from C$0.50 to C$0.40 in a report on Wednesday, February 14th.
Shares of Pine Cliff Energy (TSE PNE) remained flat at $C$0.27 during trading hours on Wednesday. 330,300 shares of the stock traded hands, compared to its average volume of 1,078,883. The firm has a market cap of $85.98, a PE ratio of -2.70 and a beta of 0.32. Pine Cliff Energy has a 52-week low of C$0.26 and a 52-week high of C$0.86.
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Pine Cliff Energy Company Profile
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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