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Research analysts at NBF started coverage on shares of Painted Pony Petroleum (CVE:PPY) in a report released on Friday, Analyst Ratings Network reports. The firm set an “outperform” rating and a C$10.00 price target on the stock. NBF’s target price suggests a potential upside of 28.95% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at CIBC cut their price target on shares of Painted Pony Petroleum from C$9.00 to C$8.50 in a research note to investors on Tuesday, January 14th. They now have a “sector perform” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Painted Pony Petroleum in a research note to investors on Thursday, December 12th. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Painted Pony Petroleum in a research note to investors on Thursday, December 12th. They now have a C$10.00 price target on the stock, down previously from C$13.00. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Painted Pony Petroleum presently has an average rating of “Buy” and an average price target of C$11.30.

Shares of Painted Pony Petroleum (CVE:PPY) opened at 7.15 on Friday. Painted Pony Petroleum has a 52-week low of $6.05 and a 52-week high of $10.45. The stock has a 50-day moving average of $7.05 and a 200-day moving average of $7.34.

Painted Pony Petroleum Ltd. is engaged in the exploration, development and production of petroleum and natural gas resources.

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