Painted Pony Petroleum Ltd (TSE:PPY) had its price objective lifted by Royal Bank Of Canada from C$10.00 to C$11.00 in a research report released on Thursday, StockTargetPrices.com reports.
PPY has been the topic of a number of other research reports. BMO Capital Markets lifted their target price on shares of Painted Pony Petroleum from C$6.25 to C$8.50 in a research note on Thursday, June 30th. National Bank Financial lowered their price target on shares of Painted Pony Petroleum from C$10.00 to C$9.00 in a research report on Thursday, August 11th. TD Securities lifted their price target on shares of Painted Pony Petroleum from C$11.00 to C$12.50 and gave the company an action list buy rating in a research report on Friday, July 29th. Desjardins lifted their price target on shares of Painted Pony Petroleum from C$8.75 to C$9.00 and gave the company a buy rating in a research report on Thursday, August 11th. Finally, FirstEnergy Capital lifted their price target on shares of Painted Pony Petroleum from C$10.50 to C$12.50 in a research report on Thursday, July 21st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of C$9.17.
Shares of Painted Pony Petroleum (TSE:PPY) traded up 1.10% during midday trading on Thursday, reaching $9.16. 594,536 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $8.15 and a 200-day moving average of $7.18. The stock’s market capitalization is $916.72 million. Painted Pony Petroleum has a 12-month low of $2.71 and a 12-month high of $9.27.
Painted Pony Petroleum Company Profile
Painted Pony Petroleum Ltd. is a natural gas company in Western Canada. The Company’s principal business activity is the exploration, development and production of petroleum and natural gas resources in western Canada. It is focused on the development of natural gas and natural gas liquids from the Montney formation in Northeast British Columbia.
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