The stock of Painted Pony Petroleum Ltd (TSE:PPY) is a huge mover today! About 184,070 shares traded hands. Painted Pony Petroleum Ltd (TSE:PPY) has risen 92.44% since April 1, 2016 and is uptrending. It has outperformed by 90.48% the S&P500.
The move comes after 5 months positive chart setup for the $798.94 million company. It was reported on Nov, 7 by Barchart.com. We have $11.66 PT which if reached, will make TSE:PPY worth $335.55M 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 $9.10 average target is 10.84% above today’s ($8.21) stock price. Painted Pony Petroleum has been the topic of 16 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The rating was initiated by BMO Capital Markets with “Market Perform” on Friday, February 12. The stock has “Outperform” rating given by Raymond James on Tuesday, January 12. The firm has “” rating by Raymond James given on Monday, June 6. As per Friday, August 12, the company rating was maintained by TD Securities. Scotia Capital maintained the shares of PPY in a report on Friday, August 12 with “Outperform” rating.
Painted Pony Petroleum Ltd. is a natural gas firm in Western Canada. The company has a market cap of $798.94 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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