Painted Pony Energy Ltd (PONY) Price Target Cut to C$4.50 by Analysts at Raymond James Financial, Inc.
Painted Pony Energy Ltd (TSE:PONY) had its price objective reduced by Raymond James Financial, Inc. from C$5.00 to C$4.50 in a research note published on Thursday. They currently have a market perform rating on the stock.
Other equities research analysts have also issued research reports about the stock. Canaccord Genuity lifted their price objective on shares of Painted Pony Energy to C$7.00 in a research note on Thursday, August 31st. CSFB reduced their price objective on shares of Painted Pony Energy from C$4.50 to C$2.25 in a research note on Monday, October 30th. BMO Capital Markets reduced their price objective on shares of Painted Pony Energy from C$6.00 to C$4.50 and set a market perform rating for the company in a research note on Thursday, August 31st. Scotiabank dropped their target price on shares of Painted Pony Energy from C$6.00 to C$4.50 and set a sector perform rating on the stock in a report on Thursday, August 31st. Finally, National Bank Financial dropped their target price on shares of Painted Pony Energy from C$5.25 to C$4.50 and set a sector perform rating on the stock in a report on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating, The company presently has an average rating of Hold and an average price target of C$4.75.
Shares of Painted Pony Energy (TSE:PONY) opened at C$3.61 on Thursday. Painted Pony Energy has a 52 week low of C$2.55 and a 52 week high of C$10.50.
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About Painted Pony Energy
Painted Pony Energy Ltd. engages in the exploration, development, and production of petroleum and natural gas resources in the Western Canadian Sedimentary Basin. The company focuses primarily on the development and production of natural gas and natural gas liquids from the Montney formation in northeast British Columbia.
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