Raymond James Trims Painted Pony Energy (TSE:PONY) Target Price to C$1.50
Painted Pony Energy (TSE:PONY) had its target price trimmed by Raymond James from C$2.00 to C$1.50 in a report published on Thursday, BayStreet.CA reports.
Several other research analysts have also weighed in on PONY. Canaccord Genuity reissued a buy rating and set a $7.50 price target on shares of in a research report on Tuesday, July 9th. National Bank Financial dropped their price target on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. GMP Securities reissued a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Finally, Eight Capital upped their price target on Painted Pony Energy from C$1.85 to C$1.90 in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of C$2.17.
TSE:PONY opened at C$0.88 on Thursday. The firm has a market capitalization of $141.68 million and a price-to-earnings ratio of 12.57. Painted Pony Energy has a 1-year low of C$0.86 and a 1-year high of C$3.54. The company has a quick ratio of 0.66, a current ratio of 0.91 and a debt-to-equity ratio of 75.09. The company’s fifty day simple moving average is C$1.03.
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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