Painted Pony Energy Ltd (TSE:PONY) had its target price reduced by CSFB from C$4.50 to C$2.25 in a report issued on Monday.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity increased their price objective on Painted Pony Energy to C$7.00 in a research report on Thursday, August 31st. Raymond James Financial, Inc. cut Painted Pony Energy from an outperform rating to a market perform rating and cut their price objective for the stock from C$7.00 to C$6.00 in a research report on Thursday, August 31st. BMO Capital Markets cut their price objective on Painted Pony Energy from C$6.00 to C$4.50 and set a market perform rating for the company in a research report on Thursday, August 31st. Scotiabank cut their price objective on Painted Pony Energy from C$6.00 to C$4.50 and set a sector perform rating for the company in a research report on Thursday, August 31st. Finally, National Bank Financial cut their price objective on Painted Pony Energy from C$5.25 to C$4.50 and set a sector perform rating for the company in a research report on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating, Painted Pony Energy has an average rating of Hold and an average target price of C$4.96.

Painted Pony Energy (TSE:PONY) traded up 0.72% during midday trading on Monday, reaching $2.79. 215,348 shares of the company were exchanged. Painted Pony Energy has a 52-week low of $2.55 and a 52-week high of $5.79. The company has a 50 day moving average of $3.13 and a 200-day moving average of $4.16. The company has a market capitalization of $449.18 million and a price-to-earnings ratio of 46.50.

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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.

Analyst Recommendations for Painted Pony Energy (TSE:PONY)

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