Analysts Set Painted Pony Petroleum Ltd (TSE:PPY) Target Price at $8.67
Painted Pony Petroleum Ltd (TSE:PPY) has been assigned an average rating of “Buy” from the thirteen analysts that are presently covering the company. Four investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$8.67.
A number of analysts recently commented on the stock. Desjardins upped their price target on shares of Painted Pony Petroleum from C$8.75 to C$9.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Scotiabank reiterated an “outperform” rating and issued a C$9.50 target price on shares of Painted Pony Petroleum in a research note on Thursday, August 11th. National Bank Financial lowered their target price on shares of Painted Pony Petroleum from C$10.00 to C$9.00 in a research note on Thursday, August 11th. FirstEnergy Capital increased their target price on shares of Painted Pony Petroleum from C$12.50 to C$13.00 in a research note on Friday, August 12th. Finally, Raymond James Financial Inc. set a C$8.50 target price on shares of Painted Pony Petroleum in a research note on Monday, June 6th.
Painted Pony Petroleum (TSE:PPY) opened at 8.17 on Tuesday. The stock’s 50 day moving average is $8.18 and its 200-day moving average is $6.95. The firm’s market cap is $817.65 million. Painted Pony Petroleum has a one year low of $2.71 and a one year high of $9.11.
Painted Pony Petroleum Company Profile
Painted Pony Petroleum Ltd. is a natural gas company in Western Canada. The Company’s principal business activity is the exploration, development and production of petroleum and natural gas resources in western Canada. It is focused on the development of natural gas and natural gas liquids from the Montney formation in Northeast British Columbia.
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