Analysts Set Painted Pony Energy Ltd (PONY) PT at $3.34

Shares of Painted Pony Energy Ltd (TSE:PONY) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$3.34.

PONY has been the topic of several recent research reports. TD Securities upped their price objective on Painted Pony Energy from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. CIBC upped their price objective on Painted Pony Energy from C$2.75 to C$3.00 in a research report on Wednesday, August 1st. Raymond James lowered their price objective on Painted Pony Energy from C$3.50 to C$3.25 in a research report on Thursday, July 5th. BMO Capital Markets upped their price objective on Painted Pony Energy from C$2.50 to C$2.75 in a research report on Friday, May 4th. Finally, National Bank Financial upped their price objective on Painted Pony Energy from C$2.35 to C$2.60 and gave the stock a “sector perform” rating in a research report on Friday, May 4th.

TSE:PONY traded up C$0.07 during midday trading on Monday, hitting C$3.02. The company’s stock had a trading volume of 374,930 shares, compared to its average volume of 831,257. Painted Pony Energy has a fifty-two week low of C$1.65 and a fifty-two week high of C$3.80.

About Painted Pony Energy

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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