Pine Cliff Energy (PNE) Rating Reiterated by TD Securities

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TD Securities reiterated their average rating on shares of Pine Cliff Energy (TSE:PNE) in a research report released on Monday. TD Securities currently has a C$0.35 price objective on the stock.

Several other research firms have also commented on PNE. GMP Securities lowered their price objective on shares of Pine Cliff Energy from C$0.40 to C$0.35 in a research report on Thursday, December 13th. National Bank Financial lowered their price objective on shares of Pine Cliff Energy from C$0.40 to C$0.30 and set a sector perform rating for the company in a research report on Monday, December 10th.

PNE stock opened at C$0.28 on Monday. Pine Cliff Energy has a 52 week low of C$0.22 and a 52 week high of C$0.45. The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of 67.65.

Pine Cliff Energy (TSE:PNE) last released its quarterly earnings data on Tuesday, November 6th. The company reported C($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.03). The business had revenue of C$25.63 million for the quarter, compared to the consensus estimate of C$25.10 million. Analysts forecast that Pine Cliff Energy will post -0.0918367421907545 EPS for the current year.

In other news, insider Robert Disbrow bought 1,000,000 shares of Pine Cliff Energy stock in a transaction dated Monday, December 3rd. The shares were acquired at an average price of C$0.31 per share, with a total value of C$310,000.00. In the last three months, insiders bought 1,178,000 shares of company stock worth $361,230.

About Pine Cliff Energy

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

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