Canaccord Genuity Trims Pine Cliff Energy (TSE:PNE) Target Price to C$0.30

Share on StockTwits

Pine Cliff Energy (TSE:PNE) had its price target reduced by Canaccord Genuity from C$0.50 to C$0.30 in a research report report published on Tuesday, BayStreet.CA reports.

Several other research firms have also recently weighed in on PNE. National Bank Financial boosted their price objective on shares of Yamana Gold from C$3.75 to C$4.00 and gave the stock a sector perform rating in a research report on Friday, May 10th. TD Securities dropped their price objective on shares of Total Energy Services from C$11.50 to C$10.00 and set a hold rating for the company in a research report on Friday, May 10th. Finally, GMP Securities restated a buy rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th.

TSE:PNE opened at C$0.17 on Tuesday. Pine Cliff Energy has a 1 year low of C$0.16 and a 1 year high of C$0.45. The firm has a 50 day moving average price of C$0.18. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 116.57. The company has a market capitalization of $59.00 million and a PE ratio of -0.81.

Pine Cliff Energy (TSE:PNE) last posted its earnings results on Wednesday, May 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.02). The firm had revenue of C$32.06 million during the quarter, compared to the consensus estimate of C$28.40 million. On average, analysts anticipate that Pine Cliff Energy will post -0.08 earnings per share for the current fiscal year.

In related news, insider Robert Disbrow acquired 450,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of C$0.18 per share, for a total transaction of C$81,000.00. Following the transaction, the insider now directly owns 19,162,083 shares of the company’s stock, valued at approximately C$3,449,174.94. Insiders purchased a total of 538,500 shares of company stock valued at $98,030 in the last 90 days.

About Pine Cliff Energy

Pine Cliff Energy Ltd. engages in the acquisition, exploration, 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 and Edson areas; and oil and natural gas assets in the Viking Kinsella and Ghost Pine area of Central Alberta.

Featured Article: Price to Earnings Ratio (PE) Basics

Receive News & Ratings for Pine Cliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pine Cliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Canaccord Genuity Cuts Yangarra Resources  Price Target to C$4.00
Canaccord Genuity Cuts Yangarra Resources Price Target to C$4.00
West Fraser Timber  PT Lowered to C$77.00 at Royal Bank of Canada
West Fraser Timber PT Lowered to C$77.00 at Royal Bank of Canada
Royal Bank of Canada Cuts Western Forest Products  Price Target to C$2.00
Royal Bank of Canada Cuts Western Forest Products Price Target to C$2.00
Canaccord Genuity Cuts Tamarack Valley Energy  Price Target to C$3.50
Canaccord Genuity Cuts Tamarack Valley Energy Price Target to C$3.50
CannTrust  Cut to “Market Perform” at Cormark
CannTrust Cut to “Market Perform” at Cormark
Mandalay Resources  Price Target Increased to C$4.00 by Analysts at BMO Capital Markets
Mandalay Resources Price Target Increased to C$4.00 by Analysts at BMO Capital Markets


© 2006-2019 Ticker Report