Painted Pony Energy (TSE:PONY) Price Target Cut to C$1.60 by Analysts at Canaccord Genuity

Painted Pony Energy (TSE:PONY) had its price target trimmed by Canaccord Genuity from C$1.70 to C$1.60 in a research report sent to investors on Thursday, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. Raymond James reduced their price target on Painted Pony Energy from C$2.00 to C$1.50 in a research report on Thursday, July 11th. National Bank Financial reduced their price target on Painted Pony Energy from C$2.25 to C$1.00 and set a sector perform rating on the stock in a research report on Tuesday, June 25th. Royal Bank of Canada reduced their price target on Painted Pony Energy from C$2.50 to C$1.50 in a research report on Thursday, July 18th. Eight Capital increased their price target on Painted Pony Energy from C$1.85 to C$1.90 in a research report on Thursday, May 2nd. Finally, Industrial Alliance Securities downgraded Painted Pony Energy from a buy rating to a speculative buy rating and reduced their price target for the stock from C$2.00 to C$1.50 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Painted Pony Energy presently has an average rating of Hold and a consensus price target of C$1.51.

Shares of TSE:PONY opened at C$0.78 on Thursday. The firm has a market capitalization of $128.80 million and a P/E ratio of 4.06. Painted Pony Energy has a 1 year low of C$0.74 and a 1 year high of C$3.54. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 75.69. The business’s 50 day moving average is C$0.92.

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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