Painted Pony Energy (PONY) Trading Up -4.2%

Painted Pony Energy Ltd (TSE:PONY)’s share price was up 4.2% during trading on Friday . The company traded as high as C$2.15 and last traded at C$2.05. Approximately 677,781 shares were traded during trading, a decline of 50% from the average daily volume of 1,350,887 shares. The stock had previously closed at C$2.14.

A number of equities analysts have recently commented on PONY shares. CSFB reduced their price objective on shares of Painted Pony Energy from C$4.50 to C$2.25 in a report on Monday, October 30th. BMO Capital Markets reduced their price objective on shares of Painted Pony Energy from C$3.75 to C$2.75 in a report on Friday, December 15th. Raymond James Financial reduced their price objective on shares of Painted Pony Energy from C$5.00 to C$4.50 and set a “market perform” rating for the company in a report on Thursday, November 9th. Finally, National Bank Financial reduced 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 report on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of C$4.29.

The stock has a market cap of $330.04, a price-to-earnings ratio of 4.40 and a beta of 0.51.

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Painted Pony Energy Company Profile

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.

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