Shares of Painted Pony Energy Ltd (TSE:PONY) have been assigned a consensus rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$1.42.
Several equities research analysts have recently weighed in on PONY shares. CIBC lowered their price target on shares of Painted Pony Energy from C$1.50 to C$1.00 in a research report on Tuesday, October 15th. Eight Capital lowered their price target on shares of Painted Pony Energy from C$1.90 to C$1.55 in a research report on Thursday, August 1st. BMO Capital Markets lowered their price target on shares of Painted Pony Energy from C$1.25 to C$1.10 in a research report on Thursday, August 1st. National Bank Financial raised shares of 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. Finally, Canaccord Genuity lowered their price target on shares of Painted Pony Energy from C$1.70 to C$1.60 in a research report on Thursday, August 1st.
Shares of PONY traded up C$0.05 during mid-day trading on Tuesday, hitting C$0.62. The company’s stock had a trading volume of 760,700 shares, compared to its average volume of 427,293. The company’s 50-day moving average is C$0.70 and its 200-day moving average is C$1.03. Painted Pony Energy has a 52-week low of C$0.54 and a 52-week high of C$2.47. The firm has a market capitalization of $91.77 million and a price-to-earnings ratio of 3.26. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 75.69.
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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