Painted Pony Energy Ltd (PONY) Receives a Hold from Desjardins

By Austin Angelo

On February 7, an analyst has provided a rating update for the Materials sector company, Painted Pony Energy Ltd (PONYResearch Report). Desjardins’ analyst Chris MacCulloch reiterates their Hold rating on the shares, with a C$2 price target.

According to TipRanks.com, MacCulloch has currently no stars on a ranking scale of 0-5 stars, with an average return of -30.4% and a 0.0% success rate. MacCulloch covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Paramount Resources Ltd.

Painted Pony Energy Ltd has an analyst consensus of Hold, with a price target consensus of C$2.22, a 69.5% upside from current levels. In a report issued on January 31, CIBC also reiterated a Hold rating on the stock with a C$2.50 price target.

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Painted Pony Energy Ltd’s market cap is currently C$210.9M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.21.

Painted Pony Energy Ltd. engags in the development of natural gas and natural gas liquids. It focuses on properties in Montney northeastern British Columbia. The company was founded on August 12, 1999 and is headquartered in Calgary, Canada.

The company’s shares closed on Monday at C$1.31, close to its 52-week low of C$1.26.