Raymond James Boosts Peyto Exploration & Dev (PEY) Price Target to C$16.00

Peyto Exploration & Dev (TSE:PEY) had its price target upped by stock analysts at Raymond James from C$15.50 to C$16.00 in a note issued to investors on Friday, April 6th. Raymond James’ price objective would indicate a potential upside of 44.40% from the company’s previous close.

PEY has been the topic of a number of other reports. National Bank Financial decreased their target price on Peyto Exploration & Dev from C$22.00 to C$16.00 and set an “outperform” rating on the stock in a report on Tuesday, January 9th. TD Securities decreased their target price on Peyto Exploration & Dev from C$21.00 to C$19.50 and set a “buy” rating on the stock in a report on Tuesday, January 9th. CSFB decreased their target price on Peyto Exploration & Dev from C$16.00 to C$14.00 in a report on Friday, January 12th. Royal Bank of Canada lowered their price target on Peyto Exploration & Dev from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, January 12th. Finally, Eight Capital lowered their price target on Peyto Exploration & Dev from C$16.25 to C$15.15 in a report on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$14.82.

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Shares of Peyto Exploration & Dev stock opened at C$11.08 on Friday. Peyto Exploration & Dev has a 1-year low of C$9.83 and a 1-year high of C$26.64.



Peyto Exploration & Dev (TSE:PEY) last announced its earnings results on Wednesday, February 28th. The company reported C$0.31 earnings per share for the quarter, beating the consensus estimate of C$0.26 by C$0.05. Peyto Exploration & Dev had a return on equity of 10.84% and a net margin of 30.65%. The firm had revenue of C$211.80 million for the quarter.

In other Peyto Exploration & Dev news, Director Stephen Jonathan Chetner sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of C$12.80, for a total value of C$320,000.00. Also, insider Scott Robinson sold 40,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of C$10.09, for a total value of C$403,600.00. Insiders sold 85,000 shares of company stock worth $974,000 in the last 90 days.

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Peyto Exploration & Dev Company Profile

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Canada. The company's oil and gas properties are located in the Alberta's Deep Basin. As of December 31, 2016, it had a total proved plus probable reserves of 655 million barrels of oil equivalent.

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

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