National Bank Financial Lowers Painted Pony Energy Ltd (PONY) Price Target to C$4.50
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.
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.
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