Peyto Exploration & Development (TSE:PEY) had its price objective decreased by equities researchers at Canaccord Genuity from C$2.75 to C$2.50 in a report released on Friday, BayStreet.CA reports. Canaccord Genuity's price target points to a potential upside of 23.15% from the stock's current price.
PEY has been the subject of a number of other research reports. Tudor Pickering reiterated a "hold" rating and issued a C$3.00 price target on shares of Peyto Exploration & Development in a research report on Tuesday, June 30th. TD Securities upgraded Peyto Exploration & Development from a "reduce" rating to a "hold" rating and decreased their price target for the company from C$1.90 to C$1.75 in a research report on Tuesday, June 30th. BMO Capital Markets lowered their target price on Peyto Exploration & Development from C$3.00 to C$2.25 in a research note on Monday, June 29th. Stifel Firstegy raised shares of Peyto Exploration & Development from a "hold" rating to a "buy" rating in a research report on Wednesday, May 13th. Finally, National Bank Financial lowered their price objective on shares of Peyto Exploration & Development from C$5.00 to C$4.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 24th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Peyto Exploration & Development has a consensus rating of "Hold" and a consensus price target of C$2.65.
PEY stock traded up C$0.01 during trading hours on Friday, hitting C$2.03. 296,630 shares of the stock traded hands, compared to its average volume of 1,411,164. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 69.39. Peyto Exploration & Development has a one year low of C$0.91 and a one year high of C$4.46. The company has a market cap of $334.69 million and a P/E ratio of 8.10. The stock has a 50-day simple moving average of C$2.16 and a 200 day simple moving average of C$2.45.
Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.08 earnings per share for the quarter, beating the Zacks' consensus estimate of C$0.01 by C$0.07. The company had revenue of C$97.78 million during the quarter. Analysts forecast that Peyto Exploration & Development will post 0.132 earnings per share for the current year.
About Peyto Exploration & Development
Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin, Alberta. As of December 31, 2018, it had a total proved plus probable reserves of 803 million barrels of oil equivalent.
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