Scotiabank reiterated their outperform rating on shares of Painted Pony Petroleum Ltd (TSE:PPY) in a report released on Thursday morning. Scotiabank currently has a C$9.50 price objective on the stock.

A number of other research firms also recently commented on PPY. CIBC raised their price objective on shares of Painted Pony Petroleum from C$8.00 to C$9.50 in a report on Wednesday, October 19th. Royal Bank Of Canada raised their price objective on shares of Painted Pony Petroleum from C$10.00 to C$11.00 in a report on Thursday, October 13th. FirstEnergy Capital raised their price objective on shares of Painted Pony Petroleum from C$10.50 to C$12.50 in a report on Thursday, July 21st. RBC Capital Markets raised their price objective on shares of Painted Pony Petroleum from C$10.00 to C$11.00 in a report on Thursday, October 13th. Finally, National Bank Financial reduced their price objective on shares of Painted Pony Petroleum from C$10.00 to C$9.00 in a report on Thursday, August 11th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Painted Pony Petroleum has a consensus rating of Buy and an average price target of C$10.15.

Painted Pony Petroleum (TSE:PPY) opened at 9.01 on Thursday. The company’s market capitalization is $901.71 million. The stock has a 50 day moving average of $8.45 and a 200 day moving average of $7.85. Painted Pony Petroleum has a 12-month low of $2.71 and a 12-month high of $9.86.

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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