ATB Capital Issues Positive Forecast for Peyto Exploration & Development (TSE:PEY) Stock Price

Peyto Exploration & Development (TSE:PEY) had its target price upped by ATB Capital from C$19.00 to C$21.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the company. BMO Capital Markets raised Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$18.50 to C$19.50 in a report on Monday, March 24th. TD Securities upped their price objective on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Desjardins lifted their target price on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “hold” rating in a research report on Thursday, March 13th. Raymond James cut Peyto Exploration & Development from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, CIBC boosted their target price on shares of Peyto Exploration & Development from C$17.50 to C$19.25 and gave the company a “neutral” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$20.92.

Peyto Exploration & Development Stock Down 2.3%

TSE:PEY opened at C$18.79 on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. The firm has a market capitalization of C$3.73 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a twelve month low of C$13.40 and a twelve month high of C$19.79. The stock’s 50 day moving average price is C$17.76 and its two-hundred day moving average price is C$16.74.

About Peyto Exploration & Development

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.