Painted Pony Energy (TSE:PONY) PT Lowered to C$1.75
Painted Pony Energy (TSE:PONY) had its price objective lowered by Canaccord Genuity from C$2.50 to C$1.75 in a research note published on Tuesday, BayStreet.CA reports.
PONY has been the subject of several other reports. GMP Securities reiterated a buy rating and set a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. National Bank Financial cut their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Eight Capital increased their price objective on Painted Pony Energy from C$1.85 to C$1.90 in a report on Thursday, May 2nd. Finally, Raymond James reiterated a buy rating and set a $21.00 price objective on shares of Colfax in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of C$2.17.
Shares of TSE:PONY opened at C$0.89 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.66 and a debt-to-equity ratio of 75.09. Painted Pony Energy has a 1 year low of C$0.86 and a 1 year high of C$3.54. The stock’s fifty day moving average price is C$1.03. The stock has a market capitalization of $140.07 million and a price-to-earnings ratio of 12.71.
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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