Painted Pony Petroleum Ltd (TSE:PPY) had its price target raised by Royal Bank Of Canada from C$10.00 to C$11.00 in a research note published on Thursday.

Other equities analysts have also issued research reports about the stock. TD Securities lowered shares of Painted Pony Petroleum from an action list buy rating to a buy rating and set a C$12.50 target price on the stock. in a report on Tuesday, September 6th. FirstEnergy Capital boosted their target price on shares of Painted Pony Petroleum from C$10.50 to C$12.50 in a report on Thursday, July 21st. BMO Capital Markets boosted their target price on shares of Painted Pony Petroleum from C$6.25 to C$8.50 in a report on Thursday, June 30th. National Bank Financial dropped their target price on shares of Painted Pony Petroleum from C$10.00 to C$9.00 in a report on Thursday, August 11th. Finally, Scotiabank restated an outperform rating and issued a C$9.50 target price on shares of Painted Pony Petroleum in a report on Thursday, August 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Painted Pony Petroleum presently has an average rating of Buy and a consensus target price of C$9.17.

Analyst Recommendations for Painted Pony Petroleum (TSE:PPY)

Shares of Painted Pony Petroleum (TSE:PPY) traded up 1.10% during trading on Thursday, hitting $9.16. The stock had a trading volume of 594,536 shares. The firm has a 50-day moving average of $8.15 and a 200 day moving average of $7.18. Painted Pony Petroleum has a 1-year low of $2.71 and a 1-year high of $9.27. The company’s market capitalization is $916.72 million.

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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