Painted Pony Energy Ltd (PONY) PT Raised to C$7.00
Painted Pony Energy Ltd (TSE:PONY) had its target price lifted by equities researchers at Canaccord Genuity to C$7.00 in a research note issued to investors on Thursday. Canaccord Genuity’s target price would suggest a potential upside of 116.72% from the stock’s current price.
Several other analysts have also recently commented on the stock. Raymond James Financial, Inc. cut shares of Painted Pony Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$7.00 to C$6.00 in a report on Thursday. National Bank Financial decreased their price target on shares of Painted Pony Energy from C$5.25 to C$4.50 and set a “sector perform” rating for the company in a report on Thursday. Finally, Royal Bank Of Canada cut shares of Painted Pony Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$8.00 to C$6.00 in a report on Thursday, July 20th. Five investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of C$5.42.
Painted Pony Energy (PONY) opened at 3.23 on Thursday. The firm has a market cap of $519.99 million and a price-to-earnings ratio of 53.83. The company’s 50-day moving average is $4.08 and its 200 day moving average is $5.04. Painted Pony Energy has a 12 month low of $3.22 and a 12 month high of $5.79.
About Painted Pony Energy
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.
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