Peyto Exploration & Development Corp. (TSE:PEY) Receives C$19.22 Average Price Target from Analysts

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$19.00.

Several research analysts have recently issued reports on PEY shares. Desjardins raised their price target on 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. BMO Capital Markets upgraded Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from C$18.50 to C$19.50 in a report on Monday, March 24th. CIBC lifted their target price on Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. Raymond James downgraded Peyto Exploration & Development from a "moderate buy" rating to a "hold" rating in a research note on Wednesday. Finally, TD Securities lifted their target price on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a "buy" rating in a research report on Friday, February 21st.

Peyto Exploration & Development Trading Down 1.6%

Shares of TSE:PEY traded down C$0.31 during midday trading on Tuesday, hitting C$18.94. The company had a trading volume of 834,512 shares, compared to its average volume of 923,069. Peyto Exploration & Development has a 12 month low of C$13.40 and a 12 month high of C$19.79. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. The stock has a market cap of C$3.76 billion, a price-to-earnings ratio of 12.77, a PEG ratio of -0.46 and a beta of 1.75. The firm has a fifty day simple moving average of C$17.41 and a 200 day simple moving average of C$16.58.

Peyto Exploration & Development Company Profile

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.