Painted Pony Energy (PONY) Price Target Cut to C$2.00

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Painted Pony Energy (TSE:PONY) had its target price decreased by Royal Bank of Canada from C$3.00 to C$2.00 in a report published on Tuesday morning.

PONY has been the subject of a number of other reports. Cormark dropped their price objective on shares of Painted Pony Energy from C$5.25 to C$4.50 in a report on Tuesday, December 18th. CIBC dropped their price objective on shares of Painted Pony Energy from C$3.25 to C$2.75 in a report on Tuesday, December 18th. GMP Securities dropped their price objective on shares of Painted Pony Energy from C$3.00 to C$2.25 in a report on Thursday, December 13th. TD Securities dropped their price objective on shares of Painted Pony Energy from C$4.25 to C$3.50 and set a buy rating for the company in a report on Tuesday, December 18th. Finally, Raymond James dropped their price objective on shares of Painted Pony Energy from C$3.50 to C$3.00 and set a market perform rating for the company in a report on Tuesday, November 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and an average target price of C$2.68.

Shares of TSE:PONY opened at C$1.38 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 82.89. Painted Pony Energy has a one year low of C$1.26 and a one year high of C$3.54.

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.

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