National Bank Financial Trims Painted Pony Energy Ltd (PONY) Target Price to C$5.25

Painted Pony Energy Ltd (TSE:PONY) had its price target decreased by National Bank Financial from C$5.75 to C$5.25 in a research report issued on Thursday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 35.31% from the stock’s current price.

Separately, Royal Bank Of Canada cut Painted Pony Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$8.00 to C$6.00 in a research report on Thursday, July 20th.

Shares of Painted Pony Energy (TSE PONY) traded down 0.26% during mid-day trading on Thursday, hitting $3.87. The stock had a trading volume of 814,327 shares. The firm has a market cap of $622.99 million and a PE ratio of 64.50. Painted Pony Energy has a 52-week low of $3.79 and a 52-week high of $10.50. The firm has a 50 day moving average price of $4.47 and a 200 day moving average price of $5.53.

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About Painted Pony Energy

Painted Pony Energy Ltd, formerly Painted Pony Petroleum Ltd, is a Canada-based natural gas company. Its 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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