Markets

Painted Pony in the Green Despite Q4 Loss

Painted Pony Petroleum Ltd. (PPY.V) reported fourth quarter net loss of $40.7 million, or $0.56 per share, on revenues of $22.8 million. Funds from operations were $12.4 million, or $0.17 per share.

In the same period last year, the company had a net income of $1.5 million, or $0.02 per share, on revenues of $20.5 million. Funds from operations were $12.5 million, or $0.19 per share.

No analyst estimates were available for comparison.

PPY was up 7 cents to $10.22, trading near 52-week high $12.25.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More