Painted Pony Petroleum Ltd (PPY) Earns Buy Rating from TD Securities
TD Securities reaffirmed their buy rating on shares of Painted Pony Petroleum Ltd (TSE:PPY) in a research report report published on Friday. TD Securities currently has a C$12.50 price objective on the stock.
A number of other equities analysts have also recently commented on PPY. Royal Bank Of Canada lifted their price objective on shares of Painted Pony Petroleum from C$7.00 to C$9.00 in a research report on Thursday, July 14th. FirstEnergy Capital boosted their target price on shares of Painted Pony Petroleum from C$10.50 to C$12.50 in a research report on Thursday, July 21st. Desjardins boosted their target price on shares of Painted Pony Petroleum from C$8.75 to C$9.00 and gave the company a buy rating in a research report on Thursday, August 11th. National Bank Financial reduced their target price on shares of Painted Pony Petroleum from C$10.00 to C$9.00 in a research report on Thursday, August 11th. Finally, Scotiabank reissued an outperform rating and issued a C$9.50 target price on shares of Painted Pony Petroleum in a research 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 stock. Painted Pony Petroleum currently has a consensus rating of Buy and a consensus price target of C$10.20.
Shares of Painted Pony Petroleum (TSE:PPY) opened at 9.16 on Friday. Painted Pony Petroleum has a 12 month low of $2.71 and a 12 month high of $9.86. The company’s 50 day moving average is $8.50 and its 200-day moving average is $7.87. The firm’s market cap is $916.72 million.
About Painted Pony Petroleum
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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