CIBC Boosts Painted Pony Energy (PONY) Price Target to C$2.75

Painted Pony Energy (TSE:PONY) had its target price raised by equities researchers at CIBC from C$2.50 to C$2.75 in a note issued to investors on Tuesday. CIBC’s price objective indicates a potential upside of 43.23% from the stock’s previous close.

Other analysts have also issued research reports about the stock. GMP Securities lowered their price objective on shares of Painted Pony Energy from C$3.25 to C$2.75 in a research note on Friday, March 9th. BMO Capital Markets lowered their price objective on shares of Painted Pony Energy from C$3.75 to C$2.75 in a research note on Friday, December 15th. Raymond James Financial lowered their price objective on shares of Painted Pony Energy from C$3.50 to C$3.00 in a research note on Monday, February 5th. TD Securities lowered their price objective on shares of Painted Pony Energy from C$4.50 to C$3.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Finally, National Bank Financial lowered their price objective on shares of Painted Pony Energy from C$3.75 to C$3.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Painted Pony Energy presently has a consensus rating of “Hold” and an average price target of C$3.20.

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Painted Pony Energy (TSE:PONY) traded down C$0.07 during trading hours on Tuesday, hitting C$1.92. 213,505 shares of the stock traded hands, compared to its average volume of 1,137,649. The company has a market cap of $313.94, a price-to-earnings ratio of 1.96 and a beta of 0.63. Painted Pony Energy has a 12 month low of C$1.65 and a 12 month high of C$5.88.

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About Painted Pony Energy

Painted Pony Energy Ltd. engages in the exploration, development, and production of petroleum and natural gas resources in the Western Canadian Sedimentary Basin. The company focuses primarily on the development and production of natural gas and natural gas liquids from the Montney formation in northeast British Columbia.

Analyst Recommendations for Painted Pony Energy (TSE:PONY)

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