Painted Pony Energy (PONY) Price Target Raised to C$2.75 at CIBC

Painted Pony Energy (TSE:PONY) had its target price boosted by CIBC from C$2.25 to C$2.75 in a research note released on Friday morning.

Several other research firms have also commented on PONY. National Bank Financial upped their price target on shares of Painted Pony Energy from C$2.35 to C$2.60 and gave the company a sector perform rating in a research report on Friday, May 4th. Raymond James upped their price target on shares of Painted Pony Energy from C$3.25 to C$3.50 and gave the company a market perform rating in a research report on Friday, May 4th. BMO Capital Markets upped their price target on shares of Painted Pony Energy from C$2.50 to C$2.75 in a research report on Friday, May 4th. TD Securities reduced their price target on shares of Painted Pony Energy from C$4.50 to C$3.00 and set a buy rating for the company in a research report on Thursday, February 1st. Finally, GMP Securities reduced their price target on shares of Painted Pony Energy from C$3.25 to C$2.75 in a research report on Friday, March 9th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of C$3.24.

Painted Pony Energy opened at C$2.77 on Friday, according to Marketbeat Ratings. Painted Pony Energy has a 52 week low of C$1.65 and a 52 week high of C$5.79.

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.

Analyst Recommendations for Painted Pony Energy (TSE:PONY)

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