Peyto Exploration & Development (PEY) Price Target Cut to C$15.15

Peyto Exploration & Development (TSE:PEY) had its target price decreased by analysts at Eight Capital from C$16.25 to C$15.15 in a research report issued to clients and investors on Friday. Eight Capital’s price objective would indicate a potential upside of 10.10% from the company’s previous close.

Several other research firms have also recently issued reports on PEY. TD Securities lifted their price objective 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 shares of Peyto Exploration & Development from C$26.00 to C$19.00 in a research note on Monday, October 30th. BMO Capital Markets lowered shares of 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 note on Tuesday, October 10th. National Bank Financial decreased their target price on shares of Peyto Exploration & Development from C$29.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, October 13th. Finally, Royal Bank of Canada decreased their target price on shares of Peyto Exploration & Development from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Peyto Exploration & Development has an average rating of “Buy” and a consensus price target of C$21.97.

Shares of Peyto Exploration & Development (TSE PEY) opened at C$13.76 on Friday. Peyto Exploration & Development has a 12-month low of C$13.05 and a 12-month high of C$30.94. The company has a market capitalization of $2,270.00, a PE ratio of 13.90 and a beta of 0.15.

In other news, insider Scott Robinson sold 30,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$14.33, for a total transaction of C$429,900.00. Also, Director Stephen Jonathan Chetner purchased 6,500 shares of Peyto Exploration & Development stock in a transaction dated Thursday, November 16th. The shares were purchased at an average cost of C$16.65 per share, for a total transaction of C$108,225.00.

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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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