Raymond James’ Analyst Provides Guidance for This Canadian Energy Company

Painted Pony Energy Ltd (PONYResearch Report), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Jeremy Mccrea from Raymond James rated Painted Pony Energy Ltd (PONYResearch Report) a Hold, setting a C$1.50 price target.

According to TipRanks.com, Mccrea has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.7% and a 24.4% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Tamarack Valley Energy Ltd, and Freehold Royalties Ltd.

Painted Pony Energy Ltd has an analyst consensus of Moderate Buy, with a price target consensus of C$1.64, an 86.4% upside from current levels. In a report issued on June 28, GMP FirstEnergy also maintained a Hold rating on the stock with a C$1.30 price target.


Painted Pony Energy Ltd’s market cap is currently C$140.1M and has a P/E ratio of 15.2. The company has a Price to Book ratio of 0.13.

Painted Pony Energy Ltd. engages in the development and production of petroleum and natural gas resources. It focuses on the operation of Montney natural gas resource plays. The company was founded on August 12, 1999 and is headquartered in Calgary, Canada.

The company’s shares closed on Thursday at C$0.88, close to its 52-week low of C$0.87.