Stifel Nicolaus Lowers Pine Cliff Energy (TSE:PNE) Price Target to C$1.80

Pine Cliff Energy (TSE:PNE – Get Rating) had its target price dropped by investment analysts at Stifel Nicolaus from C$1.90 to C$1.80 in a research note issued on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 35.34% from the company’s previous close.

Pine Cliff Energy Trading Down 2.9 %

Shares of Pine Cliff Energy stock opened at C$1.33 on Thursday. The firm’s 50 day moving average is C$1.37 and its 200 day moving average is C$1.60. The company has a current ratio of 2.28, a quick ratio of 1.48 and a debt-to-equity ratio of 2.47. Pine Cliff Energy has a 1 year low of C$0.82 and a 1 year high of C$2.05. The firm has a market capitalization of C$465.35 million, a PE ratio of 2.89 and a beta of 0.79.

About Pine Cliff Energy

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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.