Pipestone Energy Corp. (OTCMKTS:BKBEF – Get Rating) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 205,300 shares, a drop of 22.9% from the June 15th total of 266,400 shares. Based on an average daily volume of 103,700 shares, the short-interest ratio is presently 2.0 days.

Pipestone Energy Stock Down 1.0 %

Pipestone Energy stock opened at $2.94 on Thursday. The company has a 50 day moving average price of $3.76 and a 200-day moving average price of $3.80. Pipestone Energy has a fifty-two week low of $1.25 and a fifty-two week high of $5.34.

Analysts Set New Price Targets

Separately, National Bank Financial decreased their price objective on shares of Pipestone Energy from C$7.50 to C$7.00 in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $6.00.

Pipestone Energy Company Profile

Pipestone Energy Corp. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in Western Canada. It focuses on the Montney asset that covers an area of 91,149 net acres located to southwest of Grande Prairie in Northwest Alberta. The company is headquartered in Calgary, Canada.

See Also

• Get a free copy of the StockNews.com research report on Pipestone Energy (BKBEF)
• How Low Can DocuSign Stock Go?
• These 3 Mega Caps are Bear Market Buys
• The Top-Rated Consumer Defensive Stocks With Yield Above 3.5%
• JB Hunt's Results Beat Forecasts As Transport Industry Continues To Enjoy Strong Results.
• Need Yield? Energy Transfer LP Has It And More

Receive News & Ratings for Pipestone Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pipestone Energy and related companies with MarketBeat.com's FREE daily email newsletter.