Peyto Exploration & Development Corp. (TSE:PEY) Receives C$20.92 Average PT from Analysts

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 earned an average rating of "Moderate Buy" from the ten analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$20.92.

Several research firms recently commented on PEY. National Bankshares upped their target price on shares of Peyto Exploration & Development from C$18.00 to C$24.00 and gave the company an "outperform" rating in a research note 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 for the company. in a research note on Thursday, May 22nd. ATB Capital increased their price objective on shares of Peyto Exploration & Development from C$19.00 to C$21.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group cut shares of Peyto Exploration & Development from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Royal Bank Of Canada increased their price objective on shares of 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.

Peyto Exploration & Development Stock Performance

Shares of TSE PEY traded down C$0.02 during trading hours on Thursday, hitting C$18.77. 843,727 shares of the stock were exchanged, compared to its average volume of 851,500. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32. The company's 50 day moving average is C$19.23 and its 200 day moving average is C$18.16. The firm has a market capitalization of C$3.73 billion, a P/E ratio of 12.65, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a one year low of C$13.56 and a one year high of C$21.12.

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.