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Painted Pony Energy Ltd (PONY) Receives a Hold from CIBC


Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst David Popowich from CIBC rated Painted Pony Energy Ltd (TSX: PONY) a Hold, setting a C$3.25 price target.

According to TipRanks.com, Popowich is ranked #1890 out of 4886 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Painted Pony Energy Ltd with a C$3.58 average price target.

Based on Painted Pony Energy Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$33.17 million. In comparison, last year the company had a net profit of C$14.59 million.

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 Friday at C$2.64.