Peyto Exploration & Development Corp (PEY) Receives C$26.89 Average PT from Brokerages

Shares of Peyto Exploration & Development Corp (TSE:PEY) have been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$26.89.

PEY has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Peyto Exploration & Development from C$26.00 to C$19.00 in a research note on Monday, October 30th. BMO Capital Markets downgraded shares of Peyto Exploration & Development from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$30.00 to C$23.00 in a report on Tuesday, October 10th. National Bank Financial decreased their price objective on shares of Peyto Exploration & Development from C$29.00 to C$22.00 and set an “outperform” rating on the stock in a report on Friday, October 13th. Royal Bank of Canada decreased their price objective on shares of Peyto Exploration & Development from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, TD Securities boosted their price objective on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, November 9th.

In related news, insider Scott Robinson sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$14.33, for a total transaction of C$429,900.00. Also, Director Brian Davis acquired 1,800 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, December 19th. The shares were purchased at an average cost of C$14.42 per share, for a total transaction of C$25,956.00.

Shares of Peyto Exploration & Development (PEY) traded down C$0.19 during trading on Tuesday, hitting C$15.03. 565,439 shares of the stock were exchanged, compared to its average volume of 782,349. Peyto Exploration & Development has a twelve month low of C$13.75 and a twelve month high of C$33.63. The firm has a market capitalization of $2,480.00, a price-to-earnings ratio of 15.18 and a beta of 0.15.

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Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

Analyst Recommendations for Peyto Exploration & Development (TSE:PEY)

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