Painted Pony Petroleum Ltd (TSE:PPY) had its target price decreased by stock analysts at Scotiabank from C$10.00 to C$9.50 in a report issued on Wednesday. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 4.74% from the stock’s current price.

PPY has been the topic of a number of other reports. Royal Bank Of Canada raised their price target on shares of Painted Pony Petroleum from C$10.00 to C$11.00 in a research note on Thursday, October 13th. TD Securities downgraded shares of Painted Pony Petroleum from an “action list buy” rating to a “buy” rating and set a C$12.50 price target on the stock. in a research note on Tuesday, September 6th. CIBC reduced their price target on shares of Painted Pony Petroleum from C$10.00 to C$9.50 in a research note on Friday, November 11th. FirstEnergy Capital raised their price target on shares of Painted Pony Petroleum from C$10.50 to C$12.50 in a research note on Thursday, July 21st. Finally, RBC Capital Markets raised their price target on shares of 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 issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$10.20.

Analyst Recommendations for Painted Pony Petroleum (TSE:PPY)

Shares of Painted Pony Petroleum (TSE:PPY) opened at 9.07 on Wednesday. The company’s market capitalization is $907.72 million. Painted Pony Petroleum has a 1-year low of $2.71 and a 1-year high of $9.86. The company’s 50 day moving average is $8.58 and its 200-day moving average is $7.89.

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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