Painted Pony Energy (TSE:PONY) had its target price trimmed by Raymond James from C$3.50 to C$3.00 in a research report released on Tuesday. The firm currently has a market perform rating on the stock.
A number of other brokerages have also issued reports on PONY. CIBC reduced their price target on Painted Pony Energy from C$3.50 to C$3.25 in a research report on Friday, October 5th. TD Securities reduced their price target on Painted Pony Energy from C$4.75 to C$4.25 and set a buy rating for the company in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of C$3.04.
Shares of PONY opened at C$2.25 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 82.87. Painted Pony Energy has a 12 month low of C$1.65 and a 12 month high of C$3.80.
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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