Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) – Stock analysts at Stifel Firstegy increased their FY2022 earnings per share (EPS) estimates for Pine Cliff Energy in a note issued to investors on Thursday, May 19th. Stifel Firstegy analyst C. Kwong now forecasts that the company will post earnings of $0.33 per share for the year, up from their prior forecast of $0.23. Stifel Firstegy also issued estimates for Pine Cliff Energy’s FY2023 earnings at $0.20 EPS.
Separately, Stifel Nicolaus upped their price objective on Pine Cliff Energy from C$1.30 to C$2.25 in a report on Friday, May 6th.
Pine Cliff Energy (TSE:PNE – Get Rating) last posted its quarterly earnings data on Tuesday, March 8th. The company reported C$0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.20. The firm had revenue of C$54.41 million during the quarter.
In other Pine Cliff Energy news, insider Robert Disbrow sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of C$1.08, for a total value of C$54,000.00. Following the sale, the insider now owns 21,584,000 shares of the company’s stock, valued at C$23,310,720. In the last three months, insiders acquired 196,000 shares of company stock worth $267,808 and sold 468,000 shares worth $690,993.
About Pine Cliff Energy (Get Rating)
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and oil in the Western Canadian Sedimentary Basin. It 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.
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