A statement released earlier today by BMO Capital Markets about Painted Pony Energy Ltd (TSE:PONY) bumps down the target price to $4.50

Indicating a possible upside of 0.37%, BMO Capital Markets reduced the stock price target of Painted Pony Energy Ltd (TSE:PONY) to $4.50

Previously on 7/20/2017, RBC Capital Markets reported on Painted Pony Energy Ltd (TSE:PONY) reduced the target price from $8.00 to $6.00. At the time, this indicated a possible upside of 0.30%.

Yesterday Painted Pony Energy Ltd (TSE:PONY) traded -3.29% lower at $3.28. The company’s 50-day moving average is $4.12 and its 200-day moving average is $5.07. The last closing price is down -36.29% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 1,337,430 shares of the stock traded hands, up from an average trading volume of 467,653

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Painted Pony Energy Ltd has a 52 week low of $3.22 and a 52 week high of $5.79 with a P/E ratio of 53.83 The company’s market cap is currently $0.

General Information About Painted Pony Energy Ltd (TSE:PONY)

Painted Pony Energy Ltd, formerly Painted Pony Petroleum Ltd, is a Canada-based natural gas company. Its principal business activity is the exploration, development and production of petroleum and natural gas resources in western Canada. It is focused on the development of natural gas and natural gas liquids from the Montney formation in Northeast British Columbia. It has approximately 220 net sections of working interest Montney rights, which contains over 300 meters (approximately 1,000 feet) of over-pressured, gas-saturated pay. Its working interest, contiguous land block covers over 139,000 net acres of Montney rights. Its Montney gas is used for liquefied natural gas (LNG) exports. It has over 110 million cubic feet per day (MMcf/d) of existing processing capacity, including working interest facilities at Townsend and West Blair; an operating working interest facility at Daiber, and capacity at third-party owned and operated facilities.

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