Haywood Securities Analysts Give Pieridae Energy (PEA) a C$4.00 Price Target

Haywood Securities set a C$4.00 price target on Pieridae Energy (CVE:PEA) in a research report released on Wednesday morning. The brokerage currently has a buy rating on the stock.

Shares of CVE PEA opened at C$2.00 on Wednesday. Pieridae Energy has a 52-week low of C$1.82 and a 52-week high of C$5.20. The firm has a market cap of $163.20 million and a PE ratio of -3.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 0.84.

About Pieridae Energy

Pieridae Energy Limited engages in the exploration and development of oil and gas properties in Canada. As of December 31, 2017, the company holds interests in lands covering an area of 883,721 net hectares in the provinces of Québec and New Brunswick. The company was founded in 2011 and is headquartered in Calgary, Canada.

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