Painted Pony Energy Ltd (PONY) Cut to “Market Perform” at Raymond James Financial, Inc.
Painted Pony Energy Ltd (TSE:PONY) was downgraded by equities research analysts at Raymond James Financial, Inc. from an “outperform” rating to a “market perform” rating in a report issued on Thursday. They currently have a C$6.00 price target on the stock, down from their prior price target of C$7.00. Raymond James Financial, Inc.’s target price indicates a potential upside of 66.67% from the stock’s current price.
Other analysts also recently issued reports about the stock. National Bank Financial lowered their price target on shares of Painted Pony Energy from C$5.25 to C$4.50 and set a “sector perform” rating on the stock in a report on Thursday. Royal Bank Of Canada downgraded shares of Painted Pony Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$8.00 to C$6.00 in a report on Thursday, July 20th. Five research analysts have rated the stock with a hold rating, Painted Pony Energy currently has a consensus rating of “Hold” and a consensus price target of C$5.42.
Shares of Painted Pony Energy (TSE:PONY) traded down 7.78% during mid-day trading on Thursday, hitting $3.32. 1,166,793 shares of the stock traded hands. Painted Pony Energy has a 12 month low of $3.28 and a 12 month high of $5.79. The stock has a market cap of $534.48 million and a price-to-earnings ratio of 55.33. The firm has a 50 day moving average of $4.24 and a 200 day moving average of $5.18.
TRADEMARK VIOLATION WARNING: This piece was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/31/painted-pony-energy-ltd-pony-cut-to-market-perform-at-raymond-james-financial-inc.html.
Painted Pony Energy Company Profile
Painted Pony Energy Ltd. engages in the exploration, development, and production of petroleum and natural gas resources in the Western Canadian Sedimentary Basin. The company focuses primarily on the development and production of natural gas and natural gas liquids from the Montney formation in northeast British Columbia.
Receive News & Stock Ratings for Painted Pony Energy Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Painted Pony Energy Ltd and related stocks with our FREE daily email newsletter.