Brokers Issue Forecasts for Pine Cliff Energy Ltd’s FY2017 Earnings (PNE)

Pine Cliff Energy Ltd (TSE:PNE) – Stock analysts at Clarus Securities dropped their FY2017 earnings per share estimates for shares of Pine Cliff Energy in a research report issued to clients and investors on Thursday. Clarus Securities analyst R. Pare now forecasts that the company will post earnings per share of ($0.14) for the year, down from their previous estimate of ($0.03). Clarus Securities currently has a “Buy” rating on the stock. Clarus Securities also issued estimates for Pine Cliff Energy’s FY2018 earnings at ($0.09) EPS.

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Other research analysts have also recently issued reports about the stock. Industrial Alliance Securities cut shares of Pine Cliff Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. TD Securities decreased their price objective on shares of Pine Cliff Energy from C$0.85 to C$0.80 and set a “hold” rating on the stock in a research note on Friday, August 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$1.18.

Pine Cliff Energy (TSE PNE) opened at C$0.61 on Monday. Pine Cliff Energy has a one year low of C$0.49 and a one year high of C$1.22.

In related news, insider Robert Disbrow bought 39,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were purchased at an average price of C$0.67 per share, for a total transaction of C$26,130.00. Insiders acquired 437,500 shares of company stock worth $262,885 in the last 90 days.

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.

Earnings History and Estimates for Pine Cliff Energy (TSE:PNE)

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