Painted Pony Energy (TSE:PONY) Price Target Raised to C$1.35

Painted Pony Energy (TSE:PONY) had its price objective boosted by TD Securities from C$1.25 to C$1.35 in a research note issued to investors on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Industrial Alliance Securities downgraded Painted Pony Energy from a buy rating to a speculative buy rating and decreased their target price for the company from C$2.00 to C$1.50 in a research report on Thursday, August 1st. Raymond James decreased their target price on Painted Pony Energy from C$1.50 to C$1.00 and set a market perform rating on the stock in a research report on Thursday, August 1st. CIBC decreased their target price on Painted Pony Energy from C$1.50 to C$1.00 in a research report on Tuesday, October 15th. GMP Securities decreased their target price on Painted Pony Energy from C$2.25 to C$1.30 in a research report on Friday, June 28th. Finally, BMO Capital Markets decreased their target price on Painted Pony Energy from C$1.25 to C$1.10 in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of C$1.42.

TSE PONY opened at C$0.62 on Friday. The company has a market cap of $91.77 million and a PE ratio of 3.26. The stock’s 50 day simple moving average is C$0.70 and its 200-day simple moving average is C$1.03. Painted Pony Energy has a 1-year low of C$0.54 and a 1-year high of C$2.47. The company has a debt-to-equity ratio of 75.69, a current ratio of 0.61 and a quick ratio of 0.45.

Painted Pony Energy Company Profile

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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Analyst Recommendations for Painted Pony Energy (TSE:PONY)

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