Pine Cliff Energy (TSE:PNE - Get Free Report) had its price target cut by Stifel Nicolaus from C$1.20 to C$1.10 in a research report issued on Thursday, BayStreet.CA reports. Stifel Nicolaus' target price suggests a potential upside of 12.24% from the stock's previous close.
Other analysts also recently issued research reports about the stock. Desjardins dropped their target price on shares of Pine Cliff Energy from C$1.25 to C$1.20 and set a "buy" rating for the company in a report on Tuesday, April 23rd. Canaccord Genuity Group lowered their target price on shares of Pine Cliff Energy from C$1.40 to C$1.20 and set a "buy" rating for the company in a research note on Wednesday, April 17th.
View Our Latest Report on Pine Cliff Energy
Pine Cliff Energy Price Performance
Shares of PNE remained flat at C$0.98 during trading on Thursday. 1,245,592 shares of the company's stock were exchanged, compared to its average volume of 342,417. Pine Cliff Energy has a 1-year low of C$0.94 and a 1-year high of C$1.68. The company has a debt-to-equity ratio of 62.18, a quick ratio of 1.48 and a current ratio of 0.48. The business's fifty day moving average is C$1.00 and its 200-day moving average is C$1.25. The firm has a market cap of C$349.27 million, a PE ratio of 33.00 and a beta of 0.49.
Insider Activity at Pine Cliff Energy
In related news, Director Philip Blake Hodge purchased 25,000 shares of Pine Cliff Energy stock in a transaction that occurred on Thursday, March 7th. The stock was purchased at an average cost of C$1.02 per share, with a total value of C$25,402.50. 10.84% of the stock is owned by corporate insiders.
About Pine Cliff Energy
(
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Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.
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