Painted Pony Petroleum Limited Receives Average Rating of “Buy” from Brokerages (CVE:PPY)
Shares of Painted Pony Petroleum Limited (CVE:PPY) have earned an average rating of “Buy” from the nine brokerages that are currently covering the stock, ARN reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$16.81.
Shares of Painted Pony Petroleum Limited (CVE:PPY) traded up 1.19% during mid-day trading on Friday, hitting $14.49. 60,641 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 $14.75. The stock has a 50-day moving average of $12.43 and a 200-day moving average of $11.02. The company’s market cap is $1.296 billion.
PPY has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Painted Pony Petroleum Limited in a research note on Thursday, August 21st. Separately, 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, August 21st. They now have a “buy” rating on the stock. Finally, 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, August 21st.
Painted Pony Petroleum Ltd. is engaged in the exploration, development and production of petroleum and natural gas resources.
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