Painted Pony Energy Ltd (TSE:PPY) Given Consensus Rating of “Hold” by Analysts
Painted Pony Energy Ltd (TSE:PPY) has received a consensus rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$8.95.
PPY has been the topic of a number of recent research reports. National Bank Financial reduced their target price on shares of Painted Pony Energy from C$8.50 to C$7.50 in a research report on Thursday, May 11th. TD Securities reduced their target price on shares of Painted Pony Energy from C$14.50 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday, May 18th. Royal Bank Of Canada reduced their target price on shares of Painted Pony Energy from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Monday, May 15th. Finally, CSFB reaffirmed an “underperform” rating and issued a C$5.00 target price on shares of Painted Pony Energy in a research report on Monday, May 15th.
Shares of Painted Pony Energy (TSE:PPY) opened at 5.52 on Friday. Painted Pony Energy has a 12-month low of $4.70 and a 12-month high of $10.50. The firm has a 50-day moving average of $5.21 and a 200-day moving average of $7.33.
About Painted Pony Energy
Painted Pony Energy Ltd, formerly Painted Pony Petroleum Ltd, is a Canada-based natural gas company. Its 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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