Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$20.92.

Several brokerages have issued reports on PEY. TD Securities upped their price objective on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. BMO Capital Markets upped their price objective on Peyto Exploration & Development from C$19.50 to C$23.00 in a research note on Thursday, May 22nd. Canaccord Genuity Group cut Peyto Exploration & Development from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Royal Bank of Canada upped their price objective on Peyto Exploration & Development from C$18.00 to C$21.00 and gave the company a "sector perform" rating in a research note on Thursday, May 22nd. Finally, ATB Capital increased their price target on Peyto Exploration & Development from C$19.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd.

Peyto Exploration & Development Trading Up 0.5%

Shares of TSE PEY opened at C$19.34 on Friday. The stock's 50 day moving average price is C$18.01 and its two-hundred day moving average price is C$17.01. Peyto Exploration & Development has a 52-week low of C$13.40 and a 52-week high of C$19.79. The stock has a market capitalization of C$3.84 billion, a P/E ratio of 13.04, a PEG ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96.

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.

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