Raymond James Cuts Painted Pony Energy (TSE:PONY) Price Target to C$1.50

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Painted Pony Energy (TSE:PONY) had its price target trimmed by Raymond James from C$2.00 to C$1.50 in a research note published on Thursday, BayStreet.CA reports.

PONY has been the subject of a number of other reports. National Bank Financial reduced their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. GMP Securities restated a buy rating and set a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Canaccord Genuity restated a buy rating and set a $7.50 price objective on shares of in a research report on Tuesday, July 9th. Finally, Eight Capital upped their price objective on shares of Painted Pony Energy from C$1.85 to C$1.90 in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of C$2.17.

TSE:PONY opened at C$0.88 on Thursday. The company has a debt-to-equity ratio of 75.09, a current ratio of 0.91 and a quick ratio of 0.66. The business’s fifty day moving average is C$1.03. The firm has a market capitalization of $141.68 million and a PE ratio of 12.57. Painted Pony Energy has a fifty-two week low of C$0.86 and a fifty-two week high of C$3.54.

About Painted Pony Energy

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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