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Scotiabank Remains a Buy on Pipestone Energy Corp (SCR)

Pipestone Energy Corp (SCRResearch Report), was revisited by a Wall Street analyst today. The NA company, Pipestone Energy Corp (TSX: SCR) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Bouvier is a 5-star analyst with an average return of 19.7% and a 59.4% success rate. Bouvier covers the NA sector, focusing on stocks such as Crescent Point Energy, Freehold Royalties, and PrairieSky Royalty.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pipestone Energy Corp with a C$36.00 average 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$23.24, close to its 52-week low of C$22.34.

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