Painted Pony Energy (TSE:PONY) Price Target Cut to C$1.50
Painted Pony Energy (TSE:PONY) had its target price decreased by analysts at Raymond James from C$2.00 to C$1.50 in a report issued on Thursday, BayStreet.CA reports. Raymond James’ target price points to a potential upside of 70.45% from the stock’s previous close.
Several other equities analysts have also issued reports on PONY. National Bank Financial decreased their target price on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. GMP Securities restated a “buy” rating and set a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Canaccord Genuity restated a “buy” rating and set a $7.50 target price on shares of in a research report on Tuesday. Finally, Eight Capital boosted their target price on Painted Pony Energy from C$1.85 to C$1.90 in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$2.17.
Painted Pony Energy stock opened at C$0.88 on Thursday. The firm has a market cap of $140.07 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 stock’s 50-day moving average is C$1.03. 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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