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

Key Points

• Peyto Exploration & Development Corp. has received a consensus recommendation of "Moderate Buy" from ten analysts, with five holding and five buying ratings.
• The average one-year price target for Peyto's stock among brokerages is C$20.92, with several price targets recently adjusted by analysts.
• Peyto's stock currently trades at C$18.67, with a 52-week range between C$13.56 and C$21.12, and a market capitalization of C$3.71 billion.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten analysts that are presently covering the firm, MarketBeat.com reports. Five 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 brokers that have updated their coverage on the stock in the last year is C$20.92.

Several equities analysts have recently commented on the stock. ATB Capital increased their price target on shares of 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. Raymond James Financial cut shares of Peyto Exploration & Development from an "outperform" rating to a "market perform" rating and set a C$21.00 target price on the stock. in a report on Thursday, May 22nd. Desjardins lifted their price target on Peyto Exploration & Development from C$18.00 to C$18.50 and gave the company a "hold" rating in a report on Thursday, May 22nd. CIBC lifted their price target on Peyto Exploration & Development from C$17.50 to C$19.25 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group cut Peyto Exploration & Development from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th.

Peyto Exploration & Development Trading Up 0.2%

PEY stock opened at C$18.67 on Thursday. Peyto Exploration & Development has a 52 week low of C$13.56 and a 52 week high of C$21.12. The company has a market cap of C$3.71 billion, a price-to-earnings ratio of 12.59, 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. The business has a fifty day simple moving average of C$19.37 and a 200-day simple moving average of C$18.06.

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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