Painted Pony Energy (TSE:PONY) had its price objective trimmed by Canaccord Genuity from C$4.00 to C$2.50 in a research note issued to investors on Thursday.

PONY has been the topic of several other reports. TD Securities boosted their price target on Painted Pony Energy from C$3.75 to C$4.75 and gave the company a buy rating in a research note on Wednesday, October 3rd. CIBC dropped their price target on Painted Pony Energy from C$3.25 to C$2.75 in a research note on Tuesday, December 18th. GMP Securities dropped their price target on Painted Pony Energy from C$3.00 to C$2.25 in a research note on Thursday, December 13th. Cormark dropped their price target on Painted Pony Energy from C$5.25 to C$4.50 in a research note on Tuesday, December 18th. Finally, Royal Bank of Canada dropped their price target on Painted Pony Energy from C$3.00 to C$2.00 in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of C$2.68.

PONY traded down C$0.01 during trading on Thursday, hitting C$1.39. The company’s stock had a trading volume of 449,228 shares, compared to its average volume of 542,792. Painted Pony Energy has a twelve month low of C$1.26 and a twelve month high of C$3.54. The company has a debt-to-equity ratio of 82.89, a current ratio of 0.53 and a quick ratio of 0.45.

About Painted Pony Energy

Painted Pony Energy Ltd. engages in the exploration, development, and production of petroleum and natural gas resources in Western Canada. It focuses primarily on the development and production of natural gas and natural gas liquids from the Montney formation in northeast British Columbia. The company was formerly known as Painted Pony Petroleum Ltd.

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Analyst Recommendations for Painted Pony Energy (TSE:PONY)

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