Painted Pony Petroleum Limited Receives Consensus Rating of “Buy” from Brokerages (CVE:PPY)
Shares of Painted Pony Petroleum Limited (CVE:PPY) have been given an average rating of “Buy” by the nine brokerages that are presently covering the company, Analyst Ratings Net reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$16.33.
Several analysts have recently commented on the stock. Analysts at CIBC raised their price target on shares of Painted Pony Petroleum Limited from C$14.50 to C$15.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital downgraded shares of Painted Pony Petroleum Limited from an “outperform” rating to a “sector perform” rating in a research note on Thursday. They now have a C$15.00 price target on the stock. Finally, analysts at TD Securities raised their price target on shares of Painted Pony Petroleum Limited from C$17.00 to C$18.50 in a research note on Monday, July 14th. They now have a “buy” rating on the stock.
Painted Pony Petroleum Limited (CVE:PPY) traded down 2.82% on Monday, hitting $11.70. 220,579 shares of the company’s stock traded hands. Painted Pony Petroleum Limited has a 1-year low of $6.05 and a 1-year high of $14.19. The stock’s 50-day moving average is $12.80 and its 200-day moving average is $9.95. The company’s market cap is $1.045 billion.
Painted Pony Petroleum Ltd. is engaged in the exploration, development and production of petroleum and natural gas resources.
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