Peyto Exploration & Development Corp (PEY) Receives C$40.29 Average PT from Brokerages

Peyto Exploration & Development Corp (TSE:PEY) has been given an average rating of “Buy” by the fourteen ratings firms that are currently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$40.29.

PEY has been the topic of several research analyst reports. Desjardins lifted their price target on Peyto Exploration & Development Corp from C$38.50 to C$39.00 in a research report on Wednesday, December 21st. BMO Capital Markets lifted their target price on Peyto Exploration & Development Corp from C$39.00 to C$40.00 in a report on Wednesday, December 21st. Barclays PLC decreased their target price on Peyto Exploration & Development Corp from C$46.00 to C$34.00 and set an “equal weight” rating on the stock in a report on Monday, January 23rd. CIBC decreased their target price on Peyto Exploration & Development Corp from C$40.00 to C$33.00 in a report on Wednesday, January 25th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and issued a C$42.00 target price on shares of Peyto Exploration & Development Corp in a report on Tuesday, January 31st.

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In other Peyto Exploration & Development Corp news, insider Darren Gee bought 10,000 shares of the firm’s stock in a transaction dated Monday, January 23rd. The stock was acquired at an average price of C$27.50 per share, with a total value of C$275,000.00. Also, Director Don Gray bought 47,415 shares of the firm’s stock in a transaction dated Monday, January 23rd. The stock was acquired at an average cost of C$27.97 per share, with a total value of C$1,326,197.55. In the last ninety days, insiders bought 62,415 shares of company stock valued at $1,735,048.

Peyto Exploration & Development Corp (TSE:PEY) opened at 26.80 on Friday. The company’s 50-day moving average price is $27.67 and its 200 day moving average price is $32.48. Peyto Exploration & Development Corp has a 52-week low of $26.25 and a 52-week high of $39.41. The stock has a market capitalization of $4.41 billion and a P/E ratio of 38.84.

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.

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