What Next for Painted Pony Petroleum Ltd Stock After Today’s Huge Increase?

 What Next for Painted Pony Petroleum Ltd Stock After Today's Huge Increase?

The stock of Painted Pony Petroleum Ltd (TSE:PPY) is a huge mover today! About 301,485 shares traded hands. Painted Pony Petroleum Ltd (TSE:PPY) has risen 58.84% since April 26, 2016 and is uptrending. It has outperformed by 53.62% the S&P500.
The move comes after 6 months positive chart setup for the $929.11 million company. It was reported on Nov, 30 by Barchart.com. We have $9.98 PT which if reached, will make TSE:PPY worth $27.87M 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 $9.50 average target is -1.96% below today’s ($9.69) stock price. Painted Pony Petroleum has been the topic of 18 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The rating was maintained by TD Securities on Friday, August 12 with “Action List Buy”. Raymond James maintained it with “” rating and $8.50 target price in Monday, June 6 report. As per Tuesday, January 12, the company rating was downgraded by Raymond James. Scotia Capital maintained Painted Pony Petroleum Ltd (TSE:PPY) rating on Friday, August 12. Scotia Capital has “Outperform” rating and $9.50 price target. The company was initiated on Friday, February 12 by BMO Capital Markets. The rating was maintained by TD Securities on Friday, November 11 with “Buy”.

Painted Pony Petroleum Ltd. is a natural gas firm in Western Canada. The company has a market cap of $929.11 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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