Scotiabank Reiterates Sector Outperform Rating for Painted Pony Petroleum Limited (PPY)
Painted Pony Petroleum Limited (CVE:PPY) traded down 2.79% on Thursday, hitting $13.96. 2,224,931 shares of the company’s stock traded hands. 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 $1.249 billion.
A number of other analysts have also recently weighed in on PPY. Analysts at TD Securities raised their price target on shares of Painted Pony Petroleum Limited from C$18.00 to C$19.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at FirstEnergy Capital raised their price target on shares of Painted Pony Petroleum Limited from C$19.00 to C$21.00 in a research note on Thursday. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Painted Pony Petroleum Limited presently has an average rating of “Buy” and a consensus target price of C$16.81.
Painted Pony Petroleum Ltd. is engaged in the exploration, development and production of petroleum and natural gas resources.
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