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

Pine Cliff Energy (TSE:PNE) had its price target decreased by analysts at Desjardins from C$1.00 to C$0.95 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 66.67% from the stock’s previous close.

Separately, Canaccord Genuity Group raised shares of Pine Cliff Energy from a “hold” rating to a “buy” rating and set a C$0.90 price objective on the stock in a research note on Thursday, April 3rd.

Pine Cliff Energy Stock Performance

TSE:PNE opened at C$0.57 on Thursday. The company has a current ratio of 0.47, a quick ratio of 1.48 and a debt-to-equity ratio of 76.74. Pine Cliff Energy has a 1-year low of C$0.51 and a 1-year high of C$1.14. The firm has a market capitalization of C$206.45 million, a price-to-earnings ratio of -13.76 and a beta of 0.37. The business’s 50-day moving average price is C$0.65 and its two-hundred day moving average price is C$0.80.

About Pine Cliff Energy

Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.