Canaccord Genuity Increases Painted Pony Petroleum Limited Price Target to C$22.00 (PPY)
Investment analysts at Canaccord Genuity increased their price objective on shares of Painted Pony Petroleum Limited (CVE:PPY) from C$20.00 to C$22.00 in a note issued to investors on Wednesday. Canaccord Genuity’s price objective would suggest a potential upside of 183.69% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at FirstEnergy Capital cut their price target on shares of Painted Pony Petroleum Limited from C$21.00 to C$19.00 in a research note on Wednesday, August 13th. Separately, analysts at TD Securities cut their price target on shares of Painted Pony Petroleum Limited from C$18.50 to C$18.00 in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock. Finally, 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, July 18th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Painted Pony Petroleum Limited presently has a consensus rating of “Buy” and an average target price of C$16.06.
Painted Pony Petroleum Limited (CVE:PPY) opened at 13.44 on Wednesday. Painted Pony Petroleum Limited has a 52 week low of $6.05 and a 52 week high of $14.19. The stock’s 50-day moving average is $12.29 and its 200-day moving average is $10.72. The company’s market cap is $1.202 billion.
Painted Pony Petroleum Ltd. is engaged in the exploration, development and production of petroleum and natural gas resources.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.