Painted Pony Petroleum Ltd (TSE:PPY) had its target price reduced by Desjardins from C$10.00 to C$9.50 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 4.97% from the company’s previous close.

A number of other research analysts have also recently commented on PPY. Royal Bank Of Canada increased their price target on Painted Pony Petroleum from C$10.00 to C$11.00 in a research note on Thursday, October 13th. TD Securities cut Painted Pony Petroleum from an “action list buy” rating to a “buy” rating and set a C$12.50 price target for the company. in a research note on Tuesday, September 6th. FirstEnergy Capital increased their price target on Painted Pony Petroleum from C$10.50 to C$12.50 in a research note on Thursday, July 21st. RBC Capital Markets increased their price target on Painted Pony Petroleum from C$10.00 to C$11.00 in a research note on Thursday, October 13th. Finally, CIBC increased their price target on Painted Pony Petroleum from C$8.00 to C$9.50 in a research note on Wednesday, October 19th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$10.20.

Analyst Recommendations for Painted Pony Petroleum (TSE:PPY)

Painted Pony Petroleum (TSE:PPY) opened at 9.05 on Tuesday. The firm’s 50-day moving average price is $8.55 and its 200 day moving average price is $7.88. Painted Pony Petroleum has a 12-month low of $2.71 and a 12-month high of $9.86. The company’s market capitalization is $905.72 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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