Painted Pony Petroleum Ltd Stock Is An 52-Week High Flier

 Painted Pony Petroleum Ltd Stock Is An 52 Week High Flier

The stock of Painted Pony Petroleum Ltd (TSE:PPY) hit a new 52-week high and has $10.65 target or 8.00% above today’s $9.86 share price. The 8 months bullish chart indicates low risk for the $1000.00M company. The 1-year high was reported on Nov, 22 by If the $10.65 price target is reached, the company will be worth $80.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 100,807 shares traded hands. Painted Pony Petroleum Ltd (TSE:PPY) has risen 116.16% since April 18, 2016 and is uptrending. It has outperformed by 111.60% the S&P500.

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 $9.50 average target is -3.65% below today’s ($9.86) stock price. Painted Pony Petroleum has been the topic of 18 analyst reports since October 28, 2015 according to StockzIntelligence Inc. TD Securities maintained Painted Pony Petroleum Ltd (TSE:PPY) rating on Friday, August 12. TD Securities has “Action List Buy” rating and $12.50 price target. Scotia Capital maintained it with “Outperform” rating and $9.50 target price in Friday, August 12 report. The company was downgraded on Tuesday, January 12 by Raymond James. Raymond James maintained it with “” rating and $8.50 target price in Monday, June 6 report. The rating was maintained by TD Securities on Friday, November 11 with “Buy”. The rating was initiated by BMO Capital Markets with “Market Perform” on Friday, February 12.

Painted Pony Petroleum Ltd. is a natural gas firm in Western Canada. The company has a market cap of $1000.00 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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