Robert Disbrow Purchases 25,000 Shares of Pine Cliff Energy Ltd (PNE) Stock

Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow bought 25,000 shares of the stock in a transaction on Tuesday, February 7th. The stock was purchased at an average cost of C$0.88 per share, for a total transaction of C$22,000.00.

Shares of Pine Cliff Energy Ltd (TSE:PNE) remained flat at $0.86 during mid-day trading on Tuesday. 87,850 shares of the company’s stock traded hands. The company’s market capitalization is $263.98 million. The company has a 50-day moving average price of $1.01 and a 200 day moving average price of $1.03. Pine Cliff Energy Ltd has a 1-year low of $0.61 and a 1-year high of $1.22.

Insider Buying and Selling by Quarter for Pine Cliff Energy (TSE:PNE)

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Several analysts have weighed in on the company. Scotiabank upped their target price on Pine Cliff Energy from C$1.15 to C$1.30 and gave the company a “sector perform” rating in a report on Wednesday, December 7th. Desjardins upped their target price on Pine Cliff Energy from C$1.30 to C$1.40 in a report on Wednesday, December 7th. TD Securities reissued a “buy” rating and issued a C$1.35 target price on shares of Pine Cliff Energy in a report on Wednesday, December 7th. CIBC upped their target price on Pine Cliff Energy from C$1.00 to C$1.15 in a report on Wednesday, October 19th. Finally, National Bank Financial lowered their target price on Pine Cliff Energy from C$1.35 to C$1.05 and set a “sector perform” rating on the stock in a report on Thursday, February 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Pine Cliff Energy currently has an average rating of “Buy” and a consensus target price of C$1.31.

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.

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