Painted Pony Petroleum Ltd (PPY) Price Target Increased to C$11.00 by Analysts at RBC Capital Markets
Painted Pony Petroleum Ltd (TSE:PPY) had its target price hoisted by RBC Capital Markets from C$10.00 to C$11.00 in a research note issued to investors on Thursday. RBC Capital Markets’ target price would indicate a potential upside of 30.49% from the stock’s current price.
A number of other analysts also recently commented on PPY. BMO Capital Markets boosted their target price on Painted Pony Petroleum from C$6.25 to C$8.50 in a research report on Thursday, June 30th. Royal Bank Of Canada boosted their target price on Painted Pony Petroleum from C$7.00 to C$9.00 in a research report on Thursday, July 14th. FirstEnergy Capital boosted their price target on Painted Pony Petroleum from C$10.50 to C$12.50 in a report on Thursday, July 21st. TD Securities boosted their price target on Painted Pony Petroleum from C$11.00 to C$12.50 and gave the stock an “action list buy” rating in a report on Friday, July 29th. Finally, Desjardins boosted their price target on Painted Pony Petroleum from C$8.75 to C$9.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Painted Pony Petroleum presently has a consensus rating of “Buy” and a consensus target price of C$9.00.
Painted Pony Petroleum (TSE:PPY) traded up 6.41% on Thursday, reaching $8.97. 1,375,209 shares of the company’s stock traded hands. Painted Pony Petroleum has a 52 week low of $2.71 and a 52 week high of $9.11. The firm has a 50-day moving average price of $8.13 and a 200-day moving average price of $7.16. The stock’s market capitalization is $897.71 million.
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Painted Pony Petroleum Company Profile
Painted Pony Petroleum Ltd. is a natural gas company in Western Canada. The Company’s principal business activity is the exploration, development and production of petroleum and natural gas resources in western Canada. It is focused on the development of natural gas and natural gas liquids from the Montney formation in Northeast British Columbia.
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