FirstEnergy Capital Boosts Painted Pony Petroleum Limited Price Target to C$21.00 (PPY)
Investment analysts at FirstEnergy Capital upped their price objective on shares of Painted Pony Petroleum Limited (CVE:PPY) from C$19.00 to C$21.00 in a note issued to investors on Thursday. FirstEnergy Capital’s target price indicates a potential upside of 170.79% from the stock’s previous close.
A number of other firms have also recently commented on PPY. Analysts at Canaccord Genuity raised their price target on shares of Painted Pony Petroleum Limited from C$20.00 to C$22.00 in a research note on Wednesday. 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 investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Painted Pony Petroleum Limited has a consensus rating of “Buy” and an average target price of C$16.28.
Shares of Painted Pony Petroleum Limited (CVE:PPY) traded down 0.42% during mid-day trading on Thursday, hitting $14.30. The stock had a trading volume of 351,541 shares. Painted Pony Petroleum Limited has a 52-week low of $6.05 and a 52-week high of $14.40. The stock’s 50-day moving average is $12.34 and its 200-day moving average is $10.7. The company’s market cap is $1.279 billion.
Painted Pony Petroleum Ltd. is engaged in the exploration, development and production of petroleum and natural gas resources.
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