Other research analysts have also recently issued research reports about the company. Desjardins increased their price objective on Painted Pony Petroleum from C$8.75 to C$9.00 and gave the stock a buy rating in a research report on Thursday, August 11th. TD Securities reissued an action list buy rating and issued a C$12.50 target price on shares of Painted Pony Petroleum in a report on Thursday, August 11th. National Bank Financial lowered their target price on Painted Pony Petroleum from C$10.00 to C$9.00 in a report on Thursday, August 11th. Scotiabank reissued an outperform rating and issued a C$9.50 target price on shares of Painted Pony Petroleum in a report on Thursday, August 11th. Finally, BMO Capital Markets upped their target price on Painted Pony Petroleum from C$6.25 to C$8.50 in a report on Thursday, June 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$9.17.
Shares of Painted Pony Petroleum (TSE:PPY) opened at 9.17 on Thursday. The stock’s market capitalization is $917.72 million. The company has a 50-day moving average of $8.18 and a 200 day moving average of $7.29. Painted Pony Petroleum has a one year low of $2.71 and a one year high of $9.41.
About Painted Pony Petroleum
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.
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