Royal Bank Of Canada Increases Painted Pony Petroleum Ltd (PPY) Price Target to C$11.00

Painted Pony Petroleum Ltd (TSE:PPY) had its price target boosted by investment analysts at Royal Bank Of Canada from C$10.00 to C$11.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price target would suggest a potential upside of 17.77% from the stock’s current price.

Several other brokerages have also recently issued reports on PPY. FirstEnergy Capital lifted their price objective on Painted Pony Petroleum from C$10.50 to C$12.50 in a report on Thursday, July 21st. BMO Capital Markets lifted their price objective on Painted Pony Petroleum from C$6.25 to C$8.50 in a report on Thursday, June 30th. National Bank Financial reduced their price objective on Painted Pony Petroleum from C$10.00 to C$9.00 in a report on Thursday, August 11th. RBC Capital Markets lifted their price objective on Painted Pony Petroleum from C$10.00 to C$11.00 in a report on Thursday. Finally, TD Securities lifted their price objective on Painted Pony Petroleum from C$11.00 to C$12.50 and gave the stock an “action list buy” rating in a report on Friday, July 29th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Painted Pony Petroleum currently has an average rating of “Buy” and a consensus target price of C$9.17.

Analyst Recommendations for Painted Pony Petroleum (TSE:PPY)

Painted Pony Petroleum (TSE:PPY) opened at 9.34 on Thursday. Painted Pony Petroleum has a 12-month low of $2.71 and a 12-month high of $9.41. The stock’s 50 day moving average price is $8.17 and its 200-day moving average price is $7.21. The stock’s market capitalization is $934.74 million.

Painted Pony Petroleum Company Profile

Painted Pony Petroleum Ltd. is a natural gas company in Western Canada. The Company’s principal business activity is the exploration, development and production of petroleum and natural gas resources in western Canada. It is focused on the development of natural gas and natural gas liquids from the Montney formation in Northeast British Columbia.

Stock Target Prices

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