Painted Pony Petroleum Rating Reiterated by Scotiabank (PPY)
Painted Pony Petroleum (CVE:PPY)‘s stock had its “sector outperform” rating restated by equities researchers at Scotiabank in a research report issued on Thursday, Analyst Ratings Net reports. They currently have a C$10.00 target price on the stock, down from their previous target price of C$13.00. Scotiabank’s target price would suggest a potential upside of 28.95% from the company’s current price.
Shares of Painted Pony Petroleum (CVE:PPY) traded down 0.92% during mid-day trading on Thursday, hitting $6.44. 565,667 shares of the company’s stock traded hands. Painted Pony Petroleum has a 52-week low of $6.05 and a 52-week high of $10.83. The stock’s 50-day moving average is $6.76 and its 200-day moving average is $7.8.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC cut their price target on shares of Painted Pony Petroleum from C$14.00 to C$13.00 in a research note to investors on Wednesday, November 13th. They now have a “sector outperform” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Painted Pony Petroleum from C$14.00 to C$12.00 in a research note to investors on Tuesday, November 5th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Painted Pony Petroleum from C$16.00 to C$15.00 in a research note to investors on Thursday, October 10th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a buy rating, Painted Pony Petroleum presently has an average rating of “Buy” and a consensus target price of C$12.75.
Painted Pony Petroleum Ltd. is engaged in the exploration, development and production of petroleum and natural gas resources.
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