Painted Pony Petroleum Ltd (PPY) Price Target Raised to C$11.00 at RBC Capital Markets
Painted Pony Petroleum Ltd (TSE:PPY) had its price target increased by equities researchers at RBC Capital Markets from C$10.00 to C$11.00 in a note issued to investors on Thursday. RBC Capital Markets’ price target points to a potential upside of 21.41% from the stock’s previous close.
Several other analysts also recently issued reports on PPY. Royal Bank Of Canada raised their price objective on shares of Painted Pony Petroleum from C$7.00 to C$9.00 in a research note on Thursday, July 14th. TD Securities downgraded shares of Painted Pony Petroleum from an “action list buy” rating to a “buy” rating and set a C$12.50 price objective for the company. in a research note on Tuesday, September 6th. FirstEnergy Capital raised their price objective on shares of Painted Pony Petroleum from C$10.50 to C$12.50 in a research note on Thursday, July 21st. BMO Capital Markets raised their price objective on shares of Painted Pony Petroleum from C$6.25 to C$8.50 in a research note on Thursday, June 30th. Finally, National Bank Financial decreased their price target on shares of Painted Pony Petroleum from C$10.00 to C$9.00 in a research note on Thursday, August 11th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$9.17.
Painted Pony Petroleum (TSE:PPY) traded up 7.47% on Thursday, hitting $9.06. The company’s stock had a trading volume of 1,901,569 shares. The firm has a 50 day moving average of $8.13 and a 200 day moving average of $7.16. Painted Pony Petroleum has a 12 month low of $2.71 and a 12 month high of $9.13. The firm’s market cap is $906.72 million.
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About Painted Pony Petroleum
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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