Painted Pony Petroleum Ltd (TSE:PPY) had its target price decreased by CIBC from C$10.00 to C$9.50 in a research report report published on Friday morning, StockTargetPrices.com reports.

Several other research firms have also recently weighed in on PPY. Royal Bank Of Canada boosted their price target on Painted Pony Petroleum from C$7.00 to C$9.00 in a report on Thursday, July 14th. FirstEnergy Capital boosted their price target on Painted Pony Petroleum from C$10.50 to C$12.50 in a report on Thursday, July 21st. TD Securities boosted their price target on Painted Pony Petroleum from C$11.00 to C$12.50 and gave the stock an action list buy rating in a report on Friday, July 29th. Desjardins boosted their price target on Painted Pony Petroleum from C$8.75 to C$9.00 and gave the stock a buy rating in a report on Thursday, August 11th. Finally, National Bank Financial reduced their price target on Painted Pony Petroleum from C$10.00 to C$9.00 in a report on Thursday, August 11th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Painted Pony Petroleum has a consensus rating of Buy and an average price target of C$10.20.

Analyst Recommendations for Painted Pony Petroleum (TSE:PPY)

Shares of Painted Pony Petroleum (TSE:PPY) opened at 9.16 on Friday. The firm’s 50-day moving average is $8.50 and its 200 day moving average is $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 capitalization 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.

Stock Target Prices

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