Painted Pony Energy (TSE:PONY) had its target price decreased by Raymond James from C$3.50 to C$3.00 in a report released on Tuesday morning. Raymond James currently has a market perform rating on the stock.
Other equities research analysts have also recently issued research reports about the company. CIBC reduced their price objective on Painted Pony Energy from C$3.50 to C$3.25 in a research note on Friday, October 5th. TD Securities reduced their price objective on Painted Pony Energy from C$4.75 to C$4.25 and set a buy rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of C$3.04.
Shares of Painted Pony Energy stock opened at C$2.27 on Tuesday. Painted Pony Energy has a 52 week low of C$1.65 and a 52 week 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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