In a new note to investors today, an analyst has provided a rating update for Pipestone Energy Corp (SCR – Research Report). Analyst Randy Ollenberger from BMO Capital remains neutral on the stock and has a C$31.00 price target.
According to TipRanks.com, Ollenberger is a 5-star analyst with an average return of 12.1% and a 56.8% success rate. Ollenberger covers the NA sector, focusing on stocks such as Crescent Point Energy, Whitecap Resources, and Birchcliff Energy.
Currently, the analyst consensus on Pipestone Energy Corp is a Moderate Buy with an average price target of C$35.33, representing a 20.1% upside. In a report issued on October 10, RBC Capital also initiated coverage with a Hold rating on the stock with a C$35.00 price target.
Pipestone Energy Corp is an oil and gas exploration and production company. The company is focused on developing rich assets in the Pipestone area of Alberta.
The company’s shares closed last Monday at C$29.23, close to its 52-week low of C$27.37.
