National Bank Financial Cuts Painted Pony Energy Ltd (PONY) Price Target to C$4.50

Painted Pony Energy Ltd (TSE:PONY) had its price target dropped by stock analysts at National Bank Financial from C$5.25 to C$4.50 in a research note issued on Thursday, August 31st. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 38.89% from the company’s previous close.

Separately, Royal Bank Of Canada lowered shares of Painted Pony Energy from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$8.00 to C$6.00 in a report on Thursday, July 20th. Five investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of C$5.42.

Painted Pony Energy (TSE:PONY) traded down 2.99% during trading on Thursday, reaching $3.24. 793,659 shares of the company’s stock traded hands. Painted Pony Energy has a 12 month low of $2.96 and a 12 month high of $10.50. The company has a market cap of $521.60 million and a P/E ratio of 54.00. The firm’s 50 day moving average is $3.71 and its 200 day moving average is $4.78.

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About Painted Pony Energy

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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