Painted Pony Energy (PONY) PT Lowered to C$3.25 at CIBC

Painted Pony Energy (TSE:PONY) had its target price decreased by CIBC from C$3.50 to C$3.25 in a research note released on Friday.

Several other research firms also recently commented on PONY. Raymond James reduced their price objective on Painted Pony Energy from C$3.50 to C$3.25 in a report on Thursday, July 5th. TD Securities raised their price objective on Painted Pony Energy from C$3.75 to C$4.75 and gave the stock a buy rating in a report on Wednesday, October 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Painted Pony Energy presently has a consensus rating of Hold and a consensus price target of C$3.04.

Shares of PONY stock opened at C$2.68 on Friday. Painted Pony Energy has a 52-week low of C$1.65 and a 52-week high of C$3.80.

About Painted Pony Energy

Painted Pony Energy Ltd. engages in the exploration, development, and production of petroleum and natural gas resources in Western Canada. It focuses primarily on the development and production of natural gas and natural gas liquids from the Montney formation in northeast British Columbia. The company was formerly known as Painted Pony Petroleum Ltd.

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Analyst Recommendations for Painted Pony Energy (TSE:PONY)

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