Analyst Rating Update on This Canadian Energy Stock
Pine Cliff Energy (TSX: PNE), the Materials sector company was revisited on October 10, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold on October 10 from TD Securities’ analyst Aaron Bilkoski, with a C$0.30 price target.
According to TipRanks.com, Bilkoski is ranked 0 out of 5 stars with an average return of -9.8% and a 34.8% success rate. Bilkoski covers the Basic Materials sector, focusing on stocks such as BlackPearl Resources Inc, Freehold Royalties Ltd, and Pengrowth Energy Corp.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pine Cliff Energy with a C$0.48 average price target.
The company has a one-year high of C$0.63 and a one-year low of C$0.27. Currently, Pine Cliff Energy has an average volume of 135.8K.
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of oil and natural gas. Its business of exploring for metals with assets are located in Utah, Ontario, and Northwest Territories. The company was founded on November 10, 2004 and is headquartered in Calgary, Canada.
The company’s shares closed on Thursday at C$0.32, close to its 52-week low of C$0.27.