Pine Cliff Energy Ltd (TSE:PNE) – Investment analysts at Cormark raised their FY2018 earnings per share estimates for shares of Pine Cliff Energy in a research note issued to investors on Wednesday. Cormark analyst A. Arif now anticipates that the firm will post earnings of ($0.02) per share for the year, up from their previous estimate of ($0.03).

“Cormark Weighs in on Pine Cliff Energy Ltd’s FY2018 Earnings (PNE)” was originally published by Financial Market News and is owned by of Financial Market News. If you are reading this piece on another site, it was stolen and republished in violation of United States & international copyright legislation. The correct version of this piece can be read at http://www.financial-market-news.com/cormark-weighs-in-on-pine-cliff-energy-ltds-fy2018-earnings-pne/1321620/.

Several other equities analysts have also recently issued reports on the company. Dundee Securities boosted their price objective on Pine Cliff Energy from C$1.80 to C$1.85 in a report on Thursday, November 10th. National Bank Financial decreased their price objective on Pine Cliff Energy from C$1.35 to C$1.05 and set a “sector perform” rating for the company in a report on Thursday, February 2nd. TD Securities decreased their price objective on Pine Cliff Energy from C$1.35 to C$1.10 and set a “buy” rating for the company in a report on Wednesday. CIBC decreased their price objective on Pine Cliff Energy from C$1.15 to C$1.05 in a report on Wednesday, January 25th. Finally, Desjardins boosted their price objective on Pine Cliff Energy from C$1.30 to C$1.40 in a report on Wednesday, December 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$1.28.

Pine Cliff Energy (TSE:PNE) traded down 1.23% during midday trading on Friday, hitting $0.80. The stock had a trading volume of 1,662,816 shares. Pine Cliff Energy has a 12-month low of $0.61 and a 12-month high of $1.22. The firm has a 50-day moving average of $0.98 and a 200-day moving average of $1.03. The company’s market cap is $245.56 million.

“Cormark Weighs in on Pine Cliff Energy Ltd’s FY2018 Earnings (PNE)” was originally published by Financial Market News and is owned by of Financial Market News. If you are reading this piece on another site, it was stolen and republished in violation of United States & international copyright legislation. The correct version of this piece can be read at http://www.financial-market-news.com/cormark-weighs-in-on-pine-cliff-energy-ltds-fy2018-earnings-pne/1321620/.

In other Pine Cliff Energy news, insider Robert Disbrow purchased 150,000 shares of Pine Cliff Energy stock in a transaction that occurred on Thursday, February 16th. The stock was bought at an average price of C$0.80 per share, with a total value of C$120,000.00.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd. (Pine Cliff) is a Canada-based oil and gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas in the Western Canadian Sedimentary Basin (WCSB). It is also involved in the exploration for precious metals through its subsidiaries.

Receive News & Ratings for Pine Cliff Energy Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pine Cliff Energy Ltd and related companies with MarketBeat.com's FREE daily email newsletter.