Painted Pony Energy (TSE:PONY) Price Target Lowered to C$1.10 at BMO Capital Markets

Painted Pony Energy (TSE:PONY) had its price objective cut by BMO Capital Markets from C$1.25 to C$1.10 in a report published on Thursday, BayStreet.CA reports.

A number of other research firms also recently weighed in on PONY. Canaccord Genuity dropped their price target on shares of Painted Pony Energy from C$1.70 to C$1.60 in a research note on Thursday. Raymond James dropped their price target on shares of Painted Pony Energy from C$2.00 to C$1.50 in a research note on Thursday, July 11th. National Bank Financial downgraded shares of Painted Pony Energy from a sector perform rating to an underperform rating and dropped their price target for the stock from C$1.00 to C$0.75 in a research note on Thursday. Eight Capital dropped their price target on shares of Painted Pony Energy from C$1.90 to C$1.55 in a research note on Thursday. Finally, Industrial Alliance Securities downgraded shares of Painted Pony Energy from a buy rating to a speculative buy rating and dropped their price target for the stock from C$2.00 to C$1.50 in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of C$1.51.

Shares of PONY traded down C$0.04 on Thursday, reaching C$0.76. 835,392 shares of the company’s stock were exchanged, compared to its average volume of 475,357. The company has a debt-to-equity ratio of 75.09, a current ratio of 0.91 and a quick ratio of 0.66. The stock has a market cap of $128.80 million and a PE ratio of 11.00. The stock’s 50 day simple moving average is C$0.93. Painted Pony Energy has a 12 month low of C$0.74 and a 12 month high of C$3.54.

Painted Pony Energy Company Profile

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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Analyst Recommendations for Painted Pony Energy (TSE:PONY)

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