TD Securities Cuts Painted Pony Energy (PONY) Price Target to C$3.00

Painted Pony Energy (TSE:PONY) had its target price reduced by stock analysts at TD Securities from C$4.50 to C$3.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 36.99% from the stock’s current price.

A number of other research analysts have also weighed in on PONY. CSFB reduced their price target on Painted Pony Energy from C$4.50 to C$2.25 in a research note on Monday, October 30th. CIBC cut their target price on Painted Pony Energy from C$3.50 to C$2.75 in a research report on Tuesday, January 23rd. BMO Capital Markets cut their target price on Painted Pony Energy from C$3.75 to C$2.75 in a research report on Friday, December 15th. Raymond James Financial cut their target price on Painted Pony Energy from C$5.00 to C$4.50 and set a “market perform” rating on the stock in a research report on Thursday, November 9th. Finally, National Bank Financial cut their target price on Painted Pony Energy from C$3.75 to C$3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Painted Pony Energy currently has an average rating of “Hold” and an average target price of C$3.97.

Shares of Painted Pony Energy (TSE:PONY) traded down C$0.15 during trading hours on Thursday, reaching C$2.19. The company’s stock had a trading volume of 1,518,760 shares, compared to its average volume of 1,545,876. The firm has a market cap of $373.51, a PE ratio of 4.56 and a beta of 0.51. Painted Pony Energy has a 52-week low of C$2.00 and a 52-week high of C$7.98.

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Painted Pony Energy Company Profile

Painted Pony Energy Ltd. engages in the exploration, development, and production of petroleum and natural gas resources in the Western Canadian Sedimentary Basin. The company focuses primarily on the development and production of natural gas and natural gas liquids from the Montney formation in northeast British Columbia.

Analyst Recommendations for Painted Pony Energy (TSE:PONY)

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