National Bank Financial lowered shares of Painted Pony Energy (TSE:PONY) from a sector perform rating to an underperform rating in a research note published on Thursday, BayStreet.CA reports. National Bank Financial currently has C$0.60 target price on the stock, down from their prior target price of C$0.75.
Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada reduced their price objective on Painted Pony Energy from C$1.50 to C$1.00 in a research note on Friday, October 18th. CIBC reduced their price objective on Painted Pony Energy from C$1.50 to C$1.00 in a research note on Tuesday, October 15th. Eight Capital cut their target price on Painted Pony Energy from C$1.90 to C$1.55 in a research note on Thursday, August 1st. BMO Capital Markets cut their target price on Painted Pony Energy from C$1.25 to C$1.10 in a research note on Thursday, August 1st. Finally, Industrial Alliance Securities cut Painted Pony Energy from a buy rating to a speculative buy rating and cut their target price for the company from C$2.00 to C$1.50 in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of C$1.38.
Shares of PONY opened at C$0.66 on Thursday. The business’s fifty day moving average price is C$0.64 and its 200 day moving average price is C$0.91. Painted Pony Energy has a 12-month low of C$0.54 and a 12-month high of C$2.36. The stock has a market capitalization of $115.92 million and a PE ratio of 3.47. The company has a debt-to-equity ratio of 75.69, a current ratio of 0.61 and a quick ratio of 0.45.
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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