National Bank Financial Increases Painted Pony Energy (PONY) Price Target to C$2.25
Painted Pony Energy (TSE:PONY) had its target price increased by analysts at National Bank Financial from C$1.75 to C$2.25 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 18.42% from the stock’s current price.
A number of other analysts have also recently commented on the stock. BMO Capital Markets lowered their target price on shares of Painted Pony Energy from C$3.25 to C$2.25 and set a “market perform” rating for the company in a research note on Tuesday, December 18th. GMP Securities cut their price target on shares of Painted Pony Energy from C$3.00 to C$2.25 in a research note on Thursday, December 13th. CIBC decreased their price target on shares of Painted Pony Energy from C$3.25 to C$2.75 in a report on Tuesday, December 18th. TD Securities lifted their price objective on shares of Painted Pony Energy from C$3.00 to C$3.25 and gave the stock a “buy” rating in a research note on Friday, March 8th. Finally, Cormark dropped their price objective on shares of Painted Pony Energy from C$5.25 to C$4.50 in a report on Tuesday, December 18th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Painted Pony Energy currently has a consensus rating of “Hold” and a consensus price target of C$2.64.
Shares of PONY opened at C$1.90 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.55 and a debt-to-equity ratio of 77.16. The firm has a market cap of $291.40 million and a PE ratio of 47.50. Painted Pony Energy has a 12 month low of C$1.26 and a 12 month high of C$3.54.
Painted Pony Energy Ltd. engages in the exploration, development, and production of petroleum and natural gas resources in Western Canada. It focuses primarily on the development and production of natural gas and natural gas liquids from the Montney formation in northeast British Columbia. The company was formerly known as Painted Pony Petroleum Ltd.
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