Peyto Exploration & Development Corp (TSE:PEY) had its price target reduced by equities researchers at Royal Bank Of Canada from C$34.00 to C$30.00 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 48.15% from the company’s previous close.

A number of other brokerages have also recently issued reports on PEY. CSFB restated a “neutral” rating and set a C$28.00 price objective on shares of Peyto Exploration & Development Corp in a report on Wednesday, May 10th. TD Securities decreased their price objective on shares of Peyto Exploration & Development Corp from C$37.00 to C$36.00 and set a “buy” rating for the company in a report on Wednesday, May 10th. Scotiabank restated an “outperform” rating and set a C$36.00 price objective on shares of Peyto Exploration & Development Corp in a report on Tuesday, July 4th. National Bank Financial set a C$29.00 price objective on shares of Peyto Exploration & Development Corp in a report on Friday, June 23rd. Finally, Barclays PLC decreased their price objective on shares of Peyto Exploration & Development Corp from C$30.00 to C$26.00 in a report on Monday, July 24th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$36.21.

Peyto Exploration & Development Corp (TSE PEY) traded down 0.20% during mid-day trading on Friday, reaching $20.21. 183,900 shares of the company traded hands. The stock’s 50-day moving average price is $22.58 and its 200-day moving average price is $25.57. The firm has a market cap of $3.36 billion and a PE ratio of 23.55. Peyto Exploration & Development Corp has a one year low of $20.01 and a one year high of $39.41.

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In other Peyto Exploration & Development Corp news, insider Darren Gee acquired 10,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were acquired at an average price of C$23.45 per share, with a total value of C$234,500.00. Also, Director Stephen Jonathan Chetner sold 10,400 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of C$23.86, for a total transaction of C$248,144.00. In the last ninety days, insiders acquired 40,000 shares of company stock worth $935,800.

Peyto Exploration & Development Corp 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 Corp (TSE:PEY)

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