Painted Pony Petroleum Ltd (TSE:PPY) - Equities researchers at Cormark increased their FY2017 earnings estimates for shares of Painted Pony Petroleum in a research note issued on Wednesday. Cormark analyst G. Ursu now anticipates that the brokerage will earn $0.51 per share for the year, up from their prior forecast of $0.43. Cormark also issued estimates for Painted Pony Petroleum’s Q4 2017 earnings at $0.21 EPS.
PPY has been the topic of several other research reports. Desjardins boosted their price objective on Painted Pony Petroleum from C$8.75 to C$9.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. TD Securities restated an “action list buy” rating and set a C$12.50 price objective on shares of Painted Pony Petroleum in a report on Thursday, August 11th. National Bank Financial cut their price objective on Painted Pony Petroleum from C$10.00 to C$9.00 in a report on Thursday, August 11th. Scotiabank reiterated an “outperform” rating and issued a C$9.50 target price on shares of Painted Pony Petroleum in a report on Thursday, August 11th. Finally, BMO Capital Markets upped their target price on Painted Pony Petroleum from C$6.25 to C$8.50 in a report on Thursday, June 30th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$8.67.
Painted Pony Petroleum (TSE:PPY) traded up 1.14% on Thursday, reaching $8.00. 1,132,284 shares of the company traded hands. The stock’s market capitalization is $800.63 million. The firm has a 50 day moving average price of $8.27 and a 200 day moving average price of $6.82. Painted Pony Petroleum has a 52-week low of $2.71 and a 52-week high of $9.11.
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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