Raymond James reaffirmed their market perform rating on shares of Painted Pony Energy (TSE:PONY) in a report issued on Friday morning, BayStreet.CA reports. Raymond James currently has a C$1.00 price objective on the stock.
Other research analysts have also issued reports about the company. GMP Securities lowered their price target on Painted Pony Energy from C$2.25 to C$1.30 in a research report on Friday, June 28th. National Bank Financial upgraded Painted Pony Energy from an underperform rating to a sector perform rating and set a C$0.75 price target for the company in a research report on Wednesday, October 2nd. Canaccord Genuity lowered their price target on Painted Pony Energy from C$1.70 to C$1.60 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 lowered their price target for the stock from C$2.00 to C$1.50 in a research report on Thursday, August 1st. Finally, BMO Capital Markets lowered their price target on Painted Pony Energy from C$1.25 to C$1.10 in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of C$1.42.
Shares of PONY traded up C$0.05 during midday trading on Friday, hitting C$0.62. 760,700 shares of the stock were exchanged, compared to its average volume of 427,293. Painted Pony Energy has a 52-week low of C$0.54 and a 52-week high of C$2.47. The stock has a fifty day simple moving average of C$0.70 and a 200 day simple moving average of C$1.03. The firm has a market cap of $91.77 million and a P/E ratio of 3.26. The company has a debt-to-equity ratio of 75.69, a quick ratio of 0.45 and a current ratio of 0.61.
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.
Further Reading: Options Trading – Understanding Strike Price
Receive News & Ratings for Painted Pony Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Painted Pony Energy and related companies with MarketBeat.com's FREE daily email newsletter.