After Today’s Huge Decline, Is Painted Pony Petroleum Ltd’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Painted Pony Petroleum Ltd's Near Term Analysis Negative?

The stock of Painted Pony Petroleum Ltd (TSE:PPY) is a huge mover today! About 681,161 shares traded hands. Painted Pony Petroleum Ltd (TSE:PPY) has risen 82.27% since March 30, 2016 and is uptrending. It has outperformed by 81.06% the S&P500.
The move comes after 5 months negative chart setup for the $762.94M company. It was reported on Nov, 3 by We have $7.13 PT which if reached, will make TSE:PPY worth $68.66M less.

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 $9.10 average target is 16.07% above today’s ($7.84) stock price. Painted Pony Petroleum has been the topic of 16 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 12 by TD Securities. BMO Capital Markets initiated the stock with “Market Perform” rating in Friday, February 12 report. The stock has “” rating given by Raymond James on Monday, June 6. Raymond James downgraded it to “Outperform” rating and $6 target price in Tuesday, January 12 report. Scotia Capital maintained the shares of PPY in a report on Friday, August 12 with “Outperform” rating.

Another recent and important Painted Pony Petroleum Ltd (TSE:PPY) news was published by which published an article titled: “BRIEF-Painted Pony Petroleum announces interim firm transportation” on July 13, 2016.

Painted Pony Petroleum Ltd. is a natural gas firm in Western Canada. The company has a market cap of $762.94 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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