Peyto Exploration & Development Corp (TSE:PEY) had its price objective reduced by Barclays PLC from C$30.00 to C$26.00 in a report released on Monday, July 24th. Barclays PLC’s price target suggests a potential upside of 29.10% from the stock’s current price.
A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada cut their price target on shares of Peyto Exploration & Development Corp from C$40.00 to C$34.00 in a report on Thursday, July 20th. Scotiabank reaffirmed an “outperform” rating and set a C$36.00 price target on shares of Peyto Exploration & Development Corp in a report on Tuesday, July 4th. National Bank Financial set a C$29.00 price target on shares of Peyto Exploration & Development Corp in a report on Friday, June 23rd. TD Securities cut their price target 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. Finally, CSFB reaffirmed a “neutral” rating and set a C$28.00 price target on shares of Peyto Exploration & Development Corp in a report on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Peyto Exploration & Development Corp currently has a consensus rating of “Buy” and a consensus target price of C$34.59.
Shares of Peyto Exploration & Development Corp (PEY) opened at 20.14 on Monday. Peyto Exploration & Development Corp has a 12-month low of $20.01 and a 12-month high of $39.41. The firm has a market cap of $3.35 billion and a price-to-earnings ratio of 23.47. The stock’s 50 day moving average is $22.49 and its 200 day moving average is $25.52.
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In other Peyto Exploration & Development Corp news, Director Stephen Jonathan Chetner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, July 4th. The shares were sold at an average price of C$23.52, for a total value of C$470,400.00. Also, insider Darren Gee purchased 10,000 shares of Peyto Exploration & Development Corp stock in a transaction on Thursday, June 15th. The stock was bought at an average price of C$23.45 per share, with a total value of C$234,500.00. Over the last quarter, insiders have bought 40,000 shares of company stock valued at $935,800.
About Peyto Exploration & Development Corp
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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