Painted Pony Petroleum Ltd (PPY) Price Target Raised to C$11.00 at Royal Bank Of Canada
Painted Pony Petroleum Ltd (TSE:PPY) had its price target upped by analysts at Royal Bank Of Canada from C$10.00 to C$11.00 in a note issued to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price indicates a potential upside of 21.41% from the company’s previous close.
Several other analysts have also recently issued reports on the company. FirstEnergy Capital increased their price objective on 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 target on Painted Pony Petroleum from C$6.25 to C$8.50 in a research note on Thursday, June 30th. National Bank Financial cut their price target on Painted Pony Petroleum from C$10.00 to C$9.00 in a research note on Thursday, August 11th. RBC Capital Markets raised their price target on Painted Pony Petroleum from C$10.00 to C$11.00 in a research note on Thursday. Finally, TD Securities raised their price target on Painted Pony Petroleum from C$11.00 to C$12.50 and gave the company an “action list buy” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$9.17.
Shares of Painted Pony Petroleum (TSE:PPY) traded up 7.47% on Thursday, reaching $9.06. The company had a trading volume of 1,901,569 shares. The firm’s market capitalization is $906.72 million. Painted Pony Petroleum has a 12 month low of $2.71 and a 12 month high of $9.13. The firm’s 50 day moving average is $8.13 and its 200 day moving average is $7.16.
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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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