▲ +56.31% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Pine Cliff Energy in the last 3 months. The average price target is $0.40, with a high forecast of $0.50 and a low forecast of $0.30. The average price target represents a 56.31% upside from the last price of $0.26.
The current consensus among 2 polled investment analysts is to buy stock in Pine Cliff Energy.
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. The company 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. It also holds interests in natural gas liquids assets in the Sundance, Carstairs, Garrington, and Harmattan areas of Alberta; and natural gas assets in the Cadillac area of Southern Saskatchewan. As of December 31, 2020, its proved reserves consisted 42,899 thousand barrels of oil equivalent (MBOE) and proved plus probable reserves included 54,840.0 MBOE. The company also explores for gold, nickel, and copper deposits, as well as platinum group elements in Utah, Ontario, the Northwest Territories, and Nunavut. Pine Cliff Energy Ltd. was incorporated in 2004 and is headquartered in Calgary, Canada.