BMO Capital Markets Cuts Painted Pony Energy (PONY) Price Target to C$2.75
A number of other brokerages have also issued reports on PONY. Scotiabank cut their target price on shares of Painted Pony Energy from C$6.00 to C$4.50 and set a sector perform rating on the stock in a research note on Thursday, August 31st. Canaccord Genuity increased their price objective on shares of Painted Pony Energy to C$7.00 in a research note on Thursday, August 31st. Raymond James Financial lowered shares of Painted Pony Energy from an outperform rating to a market perform rating and dropped their price objective for the stock from C$7.00 to C$6.00 in a research note on Thursday, August 31st. National Bank Financial dropped their price objective on shares of Painted Pony Energy from C$5.25 to C$4.50 and set a sector perform rating on the stock in a research note on Thursday, August 31st. Finally, CSFB dropped their price objective on shares of Painted Pony Energy from C$4.50 to C$2.25 in a research note on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of Hold and a consensus target price of C$4.50.
Shares of Painted Pony Energy (PONY) opened at C$2.33 on Friday. Painted Pony Energy has a 12 month low of C$2.27 and a 12 month high of C$9.65.
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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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