Peyto Exploration & Development (PEY) Price Target Cut to C$15.15
Peyto Exploration & Development (TSE:PEY) had its target price decreased by equities research analysts at Eight Capital from C$16.25 to C$15.15 in a research note issued to investors on Friday. Eight Capital’s price objective points to a potential upside of 10.10% from the stock’s previous close.
Several other research firms also recently weighed in on PEY. BMO Capital Markets downgraded shares of Peyto Exploration & Development from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$30.00 to C$23.00 in a report on Tuesday, October 10th. Royal Bank of Canada dropped their target price on shares of Peyto Exploration & Development from C$26.00 to C$25.00 and set an “outperform” rating for the company in a report on Friday, November 10th. National Bank Financial dropped their target price on shares of Peyto Exploration & Development from C$29.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday, October 13th. TD Securities lifted their target price on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Scotiabank dropped their target price on shares of Peyto Exploration & Development from C$33.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$21.97.
Shares of Peyto Exploration & Development (TSE PEY) opened at C$13.76 on Friday. The company has a market cap of $2,270.00, a P/E ratio of 13.90 and a beta of 0.15. Peyto Exploration & Development has a 12-month low of C$13.05 and a 12-month high of C$30.94.
In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of C$18.88, for a total value of C$188,800.00. Also, Director Brian Davis purchased 1,800 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was acquired at an average price of C$14.42 per share, with a total value of C$25,956.00.
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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.
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