Painted Pony Energy Ltd (TSE:PONY) had its target price decreased by equities research analysts at National Bank Financial from C$5.25 to C$4.50 in a report released on Thursday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 39.32% from the stock’s current price.

Separately, Royal Bank Of Canada downgraded shares of Painted Pony Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$8.00 to C$6.00 in a research note on Thursday, July 20th. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of C$5.42.

Painted Pony Energy (PONY) opened at 3.23 on Thursday. The stock has a market capitalization of $519.99 million and a price-to-earnings ratio of 53.83. Painted Pony Energy has a one year low of $3.22 and a one year high of $5.79. The company’s 50-day moving average is $4.08 and its 200 day moving average is $5.04.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/national-bank-financial-lowers-painted-pony-energy-ltd-pony-price-target-to-c4-50/1537145.html.

About Painted Pony Energy

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.

Analyst Recommendations for Painted Pony Energy (TSE:PONY)

Receive News & Ratings for Painted Pony Energy Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Painted Pony Energy Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.