Shares of Painted Pony Energy Ltd (TSE:PONY) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$1.51.
A number of equities research analysts recently weighed in on PONY shares. CIBC reduced their price objective on Painted Pony Energy from C$2.50 to C$1.50 in a research report on Thursday, July 18th. Canaccord Genuity reduced their price objective on Painted Pony Energy from C$1.70 to C$1.60 in a research report on Thursday, August 1st. Raymond James reduced their price objective on Painted Pony Energy from C$1.50 to C$1.00 and set a “market perform” rating on the stock in a research report on Thursday, August 1st. Industrial Alliance Securities lowered Painted Pony Energy from a “buy” rating to a “speculative buy” rating and reduced their price objective for the stock from C$2.00 to C$1.50 in a research report on Thursday, August 1st. Finally, TD Securities reduced their price objective on Painted Pony Energy from C$1.70 to C$1.35 and set a “buy” rating on the stock in a research report on Thursday, August 1st.
Shares of Painted Pony Energy stock traded down C$0.06 during trading on Thursday, reaching C$0.72. 319,460 shares of the company’s stock were exchanged, compared to its average volume of 474,673. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 75.69. Painted Pony Energy has a 1-year low of C$0.71 and a 1-year high of C$3.54. The stock has a market cap of $115.92 million and a P/E ratio of 3.85. The company has a 50-day simple moving average of C$0.91.
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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