TD Securities Boosts Painted Pony Petroleum Limited Price Target to C$19.00 (PPY)
Equities research analysts at TD Securities hoisted their price target on shares of Painted Pony Petroleum Limited (CVE:PPY) from C$18.00 to C$19.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 145.00% from the stock’s previous close.
Shares of Painted Pony Petroleum Limited (CVE:PPY) traded down 1.46% during mid-day trading on Thursday, hitting $14.15. The stock had a trading volume of 1,035,240 shares. Painted Pony Petroleum Limited has a one year low of $6.05 and a one year high of $14.40. The stock has a 50-day moving average of $12.34 and a 200-day moving average of $10.7. The company’s market cap is $1.266 billion.
A number of other firms have also recently commented on PPY. 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. Separately, 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 analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$16.39.
Painted Pony Petroleum Ltd. is engaged in the exploration, development and production of petroleum and natural gas resources.
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