Cormark Research Analysts Lift Earnings Estimates for Painted Pony Petroleum Ltd (PPY)
Painted Pony Petroleum Ltd (TSE:PPY) – Equities researchers at Cormark lifted their Q2 2017 earnings per share estimates for shares of Painted Pony Petroleum in a research report issued to clients and investors on Tuesday. Cormark analyst G. Ursu now anticipates that the firm will post earnings of $0.07 per share for the quarter, up from their prior estimate of $0.05. Cormark also issued estimates for Painted Pony Petroleum’s Q3 2017 earnings at $0.12 EPS, Q4 2017 earnings at $0.24 EPS, FY2017 earnings at $0.54 EPS and FY2018 earnings at $0.85 EPS.
Several other analysts have also recently weighed in on PPY. CIBC dropped their price target on Painted Pony Petroleum from C$10.00 to C$9.50 in a report on Friday, November 11th. Desjardins lifted 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. TD Securities reissued a “buy” rating and set a C$12.50 price target on shares of Painted Pony Petroleum in a report on Friday, November 11th. Scotiabank reissued an “outperform” rating and set a C$9.50 price target on shares of Painted Pony Petroleum in a report on Thursday, November 10th. Finally, National Bank Financial dropped their price target on 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 assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$10.20.
Painted Pony Petroleum (TSE:PPY) opened at 9.07 on Thursday. The stock’s 50 day moving average price is $8.58 and its 200 day moving average price is $7.89. The firm’s market cap is $907.72 million. Painted Pony Petroleum has a 52 week low of $2.71 and a 52 week 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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