Peyto Exploration & Development (PEY) PT Lowered to C$20.00 at Royal Bank of Canada

Peyto Exploration & Development (TSE:PEY) had its target price decreased by investment analysts at Royal Bank of Canada from C$23.00 to C$20.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 51.63% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. TD Securities lifted their target price on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Barclays decreased their target price on Peyto Exploration & Development from C$26.00 to C$19.00 in a research report on Monday, October 30th. BMO Capital Markets cut Peyto Exploration & Development from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$30.00 to C$23.00 in a research report on Tuesday, October 10th. National Bank Financial decreased their target price on Peyto Exploration & Development from C$29.00 to C$22.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Finally, Scotiabank decreased their target price on Peyto Exploration & Development from C$33.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$21.97.

Shares of Peyto Exploration & Development (TSE:PEY) traded up C$0.10 during mid-day trading on Friday, hitting C$13.19. The stock had a trading volume of 1,417,288 shares, compared to its average volume of 1,289,599. The firm has a market cap of $2,300.00, a PE ratio of 13.32 and a beta of 0.15. Peyto Exploration & Development has a one year low of C$13.05 and a one year high of C$30.94.

In other Peyto Exploration & Development news, Director Brian Davis bought 1,800 shares of Peyto Exploration & Development stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of C$14.42 per share, with a total value of C$25,956.00. Also, insider Scott Robinson sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$14.33, for a total value of C$429,900.00.

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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.

Analyst Recommendations for Peyto Exploration & Development (TSE:PEY)

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