Desjardins Lowers Pine Cliff Energy (TSE:PNE) Price Target to C$0.95

Pine Cliff Energy (TSE:PNE) had its price target decreased by research analysts at Desjardins from C$1.10 to C$0.95 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Desjardins’ target price points to a potential upside of 23.38% from the stock’s current price.

Pine Cliff Energy Trading Up 4.1 %

Shares of TSE PNE traded up C$0.03 during trading on Wednesday, hitting C$0.77. 103,580 shares of the company were exchanged, compared to its average volume of 172,414. The company has a fifty day moving average price of C$0.86 and a 200-day moving average price of C$0.89. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47. The firm has a market capitalization of C$278.89 million, a PE ratio of -18.59 and a beta of 0.37. Pine Cliff Energy has a 12-month low of C$0.74 and a 12-month high of C$1.14.

Insider Buying and Selling

In other news, Director Robert Brent Fryk bought 68,500 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was bought at an average cost of C$0.80 per share, with a total value of C$54,731.50. Corporate insiders own 10.97% of the company’s stock.

Pine Cliff Energy Company Profile

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.