Analysts at Haywood Securities increased their price target on shares of Peyto Exploration (TSE: PEY) from $27.00 to $31.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the stock.

A number of other analysts have also recently weighed in on PEY. 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 Thursday. They now have a “buy” rating on the stock. 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 Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Peyto Exploration from $28.00 to $30.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock.

Shares of Peyto Exploration traded up 3.51% during mid-day trading on Thursday, hitting $27.13. Peyto Exploration has a one year low of $14.63 and a one year high of $26.70. The stock’s 50-day moving average is currently $23.07. The company has a P/E ratio of 38.54.

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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