Analysts Set Peyto Exploration & Development Corp. (TSE:PEY) PT at C$20.92

Shares of Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) have earned an average rating of "Moderate Buy" from the ten analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$20.92.

Several research analysts have recently weighed in on the stock. TD Securities lifted their price target on shares of Peyto Exploration & Development from C$20.00 to C$22.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada increased their price objective on Peyto Exploration & Development from C$18.00 to C$21.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group lowered Peyto Exploration & Development from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Raymond James Financial cut Peyto Exploration & Development from an "outperform" rating to a "market perform" rating and set a C$21.00 price target for the company. in a report on Thursday, May 22nd. Finally, Desjardins raised 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.

Peyto Exploration & Development Price Performance

TSE:PEY traded down C$0.25 during trading hours on Wednesday, hitting C$18.62. The stock had a trading volume of 637,910 shares, compared to its average volume of 893,510. The company has a 50 day simple moving average of C$19.07 and a two-hundred day simple moving average of C$17.43. The firm has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a one year low of C$13.40 and a one year high of C$21.12. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32.

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.