Painted Pony Energy Ltd (TSE:PONY) has been assigned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$2.68.

Several equities analysts recently issued reports on PONY shares. BMO Capital Markets cut their target price on Painted Pony Energy from C$3.25 to C$2.25 and set a “market perform” rating on the stock in a research report on Tuesday, December 18th. GMP Securities cut their target price on Painted Pony Energy from C$3.00 to C$2.25 in a research report on Thursday, December 13th. Cormark cut their target price on Painted Pony Energy from C$5.25 to C$4.50 in a research report on Tuesday, December 18th. CIBC cut their target price on Painted Pony Energy from C$3.25 to C$2.75 in a research report on Tuesday, December 18th. Finally, National Bank Financial cut their target price on Painted Pony Energy from C$2.00 to C$1.75 and set a “sector perform” rating on the stock in a research report on Tuesday, December 18th.

Shares of PONY stock traded down C$0.01 during trading hours on Wednesday, reaching C$1.29. 151,291 shares of the company’s stock were exchanged, compared to its average volume of 323,100. The company has a market cap of $222.17 million and a PE ratio of -11.14. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 82.89. Painted Pony Energy has a fifty-two week low of C$1.26 and a fifty-two week high of C$3.54.

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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