The stock of Painted Pony Petroleum Ltd (TSE:PPY) is a huge mover today! About 80,301 shares traded hands. Painted Pony Petroleum Ltd (TSE:PPY) has risen 104.23% since March 11, 2016 and is uptrending. It has outperformed by 98.75% the S&P500.
The move comes after 9 months positive chart setup for the $913.80 million company. It was reported on Oct, 18 by Barchart.com. We have $12.09 PT which if reached, will make TSE:PPY worth $274.14 million more.
Painted Pony Petroleum Ltd (TSE:PPY) Ratings Coverage
Out of 5 analysts covering Painted Pony Petroleum (TSE:PPY), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $13 is the highest target while $4.75 is the lowest. The $9.06 average target is -2.58% below today’s ($9.3) stock price. Painted Pony Petroleum has been the topic of 15 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, January 12 by Raymond James. The stock has “Outperform” rating given by Scotia Capital on Friday, August 12. BMO Capital Markets initiated Painted Pony Petroleum Ltd (TSE:PPY) on Friday, February 12 with “Market Perform” rating. Raymond James maintained Painted Pony Petroleum Ltd (TSE:PPY) on Monday, June 6 with “” rating. The company was maintained on Friday, August 12 by TD Securities.
Painted Pony Petroleum Ltd. is a natural gas firm in Western Canada. The company has a market cap of $913.80 million. The Company’s principal business activity is the exploration, development and production of petroleum and natural gas resources in western Canada. It currently has negative earnings. 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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