Shares of Painted Pony Petroleum Ltd (TSE:PPY) have been given a consensus rating of “Buy” by the thirteen ratings firms that are presently covering the company. Four equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$8.67.
A number of research firms have recently weighed in on PPY. BMO Capital Markets raised their price target on shares of Painted Pony Petroleum from C$6.25 to C$8.50 in a report on Thursday, June 30th. TD Securities lifted their target price on shares of Painted Pony Petroleum from C$11.00 to C$12.50 and gave the stock an “action list buy” rating in a report on Friday, July 29th. National Bank Financial dropped their target price on shares of Painted Pony Petroleum from C$10.00 to C$9.00 in a report on Thursday, August 11th. Desjardins lifted their target price on shares of Painted Pony Petroleum from C$8.75 to C$9.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, Royal Bank Of Canada lifted their target price on shares of Painted Pony Petroleum from C$7.00 to C$9.00 in a report on Thursday, July 14th.
Painted Pony Petroleum (TSE:PPY) opened at 8.07 on Tuesday. The company’s market cap is $807.64 million. The stock’s 50 day moving average is $8.17 and its 200 day moving average is $6.97. Painted Pony Petroleum has a 12 month low of $2.71 and a 12 month high of $9.11.
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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