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 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 prior forecast 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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Pine Cliff Energy (PNE) opened at C$0.62 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 acquired 125,000 shares of Pine Cliff Energy stock in a transaction dated Tuesday, October 3rd. The stock was acquired at an average cost of C$0.60 per share, with a total value of C$75,000.00. Over the last three months, insiders have bought 437,500 shares of company stock valued at $262,885.
About Pine Cliff Energy
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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