Analyst Price Target is C$1.93
▲ +49.87% 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 C$1.93, with a high forecast of C$2.40 and a low forecast of C$1.60. The average price target represents a 49.87% upside from the last price of C$1.29.
Current Consensus is
The current consensus among 2 investment analysts is to buy stock in Pine Cliff Energy. This rating has held steady since August 2021, when it changed from a Hold consensus rating.
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. The coampny 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, 2021, its proved reserves consisted 49,112.6 thousand barrels of oil equivalent (MBOE) and proved plus probable reserves included 62,813.4 MBOE. It also explores for gold, nickel, and copper deposits, as well as platinum group elements in Utah, Ontario, the Northwest Territories, and Nunavut. The company was incorporated in 2004 and is headquartered in Calgary, Canada.