In a latest note to investors, a research analyst has provided a rating update for the Painted Pony Energy Ltd (PONY). Analyst Patrick O’rourke from AltaCorp Captial remains neutral on the stock and has a C$2.25 price target.
According to TipRanks.com, O’rourke is ranked #4663 out of 5107 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Painted Pony Energy Ltd with a C$2.67 average price target, representing an 85.4% upside. In a report released yesterday, Paradigm also downgraded the stock to Hold with a C$1.60 price target.
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Painted Pony Energy Ltd’s market cap is currently C$231.8M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.23.
Painted Pony Energy Ltd. engags in the development of natural gas and natural gas liquids. It focuses on properties in Montney northeastern British Columbia. The company was founded on August 12, 1999 and is headquartered in Calgary, Canada.
The company’s shares closed on Tuesday at C$1.44, close to its 52-week low of C$1.30.
