Peyto Exploration & Development Corp. (TSE:PEY) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Peyto Exploration & Development Corp. has been rated a "Moderate Buy" by analysts, with a consensus among ten research firms.
• The average 12-month price target for Peyto's shares is C$20.92, reflecting optimistic expectations from analysts.
• Recent target price adjustments by several institutions range from C$17.50 to C$23.00, with varying ratings from "neutral" to "buy".

Shares of Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) have received an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$20.92.

A number of analysts have recently issued reports on PEY shares. Royal Bank Of Canada raised their price target on shares of Peyto Exploration & Development from C$18.00 to C$21.00 and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. CIBC increased their price objective on shares of Peyto Exploration & Development from C$17.50 to C$19.25 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Desjardins increased their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 and gave the stock a "hold" rating in a research report on Thursday, May 22nd. BMO Capital Markets increased their price objective on shares of Peyto Exploration & Development from C$19.50 to C$23.00 in a research report on Thursday, May 22nd. Finally, TD Securities increased their price objective on shares of Peyto Exploration & Development from C$20.00 to C$22.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd.

Peyto Exploration & Development Trading Down 0.5%

Shares of TSE PEY traded down C$0.09 during midday trading on Friday, reaching C$19.81. 438,731 shares of the stock were exchanged, compared to its average volume of 860,418. The company has a 50 day simple moving average of C$19.39 and a 200 day simple moving average of C$17.79. The stock has a market capitalization of C$3.93 billion, a P/E ratio of 13.35, a PEG ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. Peyto Exploration & Development has a twelve month low of C$13.40 and a twelve month high of C$21.12.

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.