Painted Pony Energy (TSE:PONY) had its price target lowered by GMP Securities from C$2.25 to C$1.30 in a report issued on Friday, June 28th, BayStreet.CA reports. GMP Securities’ price target suggests a potential upside of 49.43% from the stock’s current price.
A number of other equities analysts have also recently weighed in on the company. TD Securities boosted their price target on Peyto Exploration & Development from C$8.00 to C$8.50 and gave the stock a “hold” rating in a report on Friday, March 8th. Raymond James reissued a “buy” rating and issued a $21.00 price target on shares of Colfax in a report on Thursday, May 2nd. Royal Bank of Canada reissued a “hold” rating on shares of Painted Pony Energy in a report on Friday, March 8th. Eight Capital boosted their price target on Painted Pony Energy from C$1.85 to C$1.90 in a report on Thursday, May 2nd. Finally, National Bank Financial cut their price target on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$1.95.
Shares of TSE PONY remained flat at $C$0.87 during trading on Friday. The stock had a trading volume of 654,200 shares, compared to its average volume of 486,979. Painted Pony Energy has a 12 month low of C$0.86 and a 12 month high of C$3.54. The stock has a market cap of $140.07 million and a PE ratio of 12.43. The business has a fifty day simple moving average of C$0.98. The company has a debt-to-equity ratio of 75.09, a current ratio of 0.91 and a quick ratio of 0.66.
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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