Cormark Weighs in on Painted Pony Petroleum Ltd’s FY2016 Earnings (PPY)

Painted Pony Petroleum Ltd (TSE:PPY) – Cormark dropped their FY2016 EPS estimates for Painted Pony Petroleum in a report released on Monday. Cormark analyst G. Ursu now forecasts that the firm will post earnings of ($0.19) per share for the year, down from their previous forecast of ($0.18).

Other research analysts have also recently issued reports about the stock. Desjardins upped their price target on shares of Painted Pony Petroleum from C$10.00 to C$12.00 in a report on Wednesday, December 21st. BMO Capital Markets cut their price target on shares of Painted Pony Petroleum from C$10.00 to C$9.25 in a report on Wednesday, December 21st. CIBC upped their price target on shares of Painted Pony Petroleum from C$8.00 to C$9.50 in a report on Wednesday, October 19th. RBC Capital Markets upped their price target on shares of Painted Pony Petroleum from C$10.00 to C$11.00 in a report on Thursday, October 13th. Finally, Royal Bank Of Canada increased their target price on shares of Painted Pony Petroleum from C$10.00 to C$11.00 in a report on Thursday, October 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$10.53.

Earnings History and Estimates for Painted Pony Petroleum (TSE:PPY)

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Shares of Painted Pony Petroleum (TSE:PPY) traded up 0.12% on Wednesday, reaching $8.63. 429,553 shares of the company’s stock traded hands. The company’s market cap is $863.97 million. Painted Pony Petroleum has a 12-month low of $2.71 and a 12-month high of $10.50. The stock has a 50-day moving average price of $9.54 and a 200-day moving average price of $8.56.

TRADEMARK VIOLATION WARNING: This story was originally posted by Community Financial News and is the propert of of Community Financial News. If you are accessing this story on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The original version of this story can be accessed at https://www.com-unik.info/2017/01/11/cormark-weighs-in-on-painted-pony-petroleum-ltds-fy2016-earnings-ppy.html.

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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