Research analysts at RBC Capital raised their target price on shares of Peyto Exploration (TSE: PEY) from $28.00 to $30.00 in a report released on Friday.

Peyto Exploration traded up 1.63% on Friday, hitting $26.86. Peyto Exploration has a 1-year low of $14.63 and a 1-year high of $27.31. The stock’s 50-day moving average is currently $23.07. The company has a price-to-earnings ratio of 38.87.

PEY has been the subject of a number of other recent research reports. Analysts at Haywood Securities raised their price target on shares of Peyto Exploration from $27.00 to $31.00 in a research note to investors on Friday. Separately, analysts at CIBC raised their price target on shares of Peyto Exploration from $25.00 to $26.00 in a research note to investors on Friday. Finally, analysts at Canaccord Genuity raised their price target on shares of Peyto Exploration from $27.50 to $28.00 in a research note to investors on Friday.

Peyto Exploration & Development Corp. (Peyto) is a Canada-based energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in Western Canada.

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