Painted Pony Energy (TSE:PONY) had its price objective trimmed by Royal Bank of Canada from C$4.00 to C$3.00 in a research report sent to investors on Thursday. The firm currently has a sector perform rating on the stock.
Several other analysts have also issued reports on PONY. Raymond James Financial dropped their target price on Painted Pony Energy from C$5.00 to C$4.50 and set a market perform rating on the stock in a report on Thursday, November 9th. BMO Capital Markets dropped their target price on Painted Pony Energy from C$3.75 to C$2.75 in a report on Friday, December 15th. National Bank Financial dropped their target price on Painted Pony Energy from C$3.75 to C$3.00 and set a sector perform rating on the stock in a report on Tuesday, January 9th. CIBC dropped their target price on Painted Pony Energy from C$3.50 to C$2.75 in a report on Tuesday, January 23rd. Finally, TD Securities dropped their target price on Painted Pony Energy from C$4.50 to C$3.00 and set a buy rating on the stock in a report on Thursday, February 1st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$3.20.
Shares of Painted Pony Energy (TSE PONY) opened at C$1.96 on Thursday. Painted Pony Energy has a twelve month low of C$1.65 and a twelve month high of C$5.79. The stock has a market capitalization of $315.55, a PE ratio of 2.00 and a beta of 0.63.
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Painted Pony Energy Ltd. engages in the exploration, development, and production of petroleum and natural gas resources in the Western Canadian Sedimentary Basin. The company focuses primarily on the development and production of natural gas and natural gas liquids from the Montney formation in northeast British Columbia.
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