Painted Pony Petroleum Ltd (TSE:PPY) – Stock analysts at Cormark upped their FY2016 earnings per share (EPS) estimates for Painted Pony Petroleum in a note issued to investors on Thursday. Cormark analyst G. Ursu now forecasts that the brokerage will post earnings per share of ($0.18) for the year, up from their previous forecast of ($0.28). Cormark also issued estimates for Painted Pony Petroleum’s Q4 2017 earnings at $0.15 EPS and FY2017 earnings at $0.37 EPS.

Earnings History and Estimates for Painted Pony Petroleum (TSE:PPY)

PPY has been the topic of several other research reports. Royal Bank Of Canada upped their price objective on Painted Pony Petroleum from C$10.00 to C$11.00 in a research note on Thursday, October 13th. TD Securities downgraded Painted Pony Petroleum from an “action list buy” rating to a “buy” rating and set a C$12.50 price objective on the stock. in a research note on Tuesday, September 6th. CIBC dropped their price objective on Painted Pony Petroleum from C$10.00 to C$9.50 in a research note on Friday, November 11th. FirstEnergy Capital upped their price objective on Painted Pony Petroleum from C$10.50 to C$12.50 in a research note on Thursday, July 21st. Finally, RBC Capital Markets upped their price objective on Painted Pony Petroleum from C$10.00 to C$11.00 in a research note on Thursday, October 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$10.20.

Shares of Painted Pony Petroleum (TSE:PPY) opened at 9.16 on Monday. The firm has a 50 day moving average price of $8.50 and a 200-day moving average price of $7.87. Painted Pony Petroleum has a one year low of $2.71 and a one year high of $9.86. The firm’s market cap 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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