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Peyto Exploration & Development (PEY) Stock Forecast & Price Target

C$14.51
-0.09 (-0.62%)
(As of 10:32 AM ET)

Peyto Exploration & Development - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 11 Wall Street analysts who have issued ratings for Peyto Exploration & Development in the last 12 months, the stock has a consensus rating of "Buy." Out of the 11 analysts, 2 have given a hold rating, 7 have given a buy rating, and 2 have given a strong buy rating for PEY.

Consensus Price Target

C$16.55
14.03% Upside
High ForecastC$22.00
Average ForecastC$16.55
Low ForecastC$14.50

According to the 11 analysts' twelve-month price targets for Peyto Exploration & Development, the average price target is C$16.55. The highest price target for PEY is C$22.00, while the lowest price target for PEY is C$14.50. The average price target represents a forecasted upside of 14.03% from the current price of C$14.51.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Buy
Buy
Moderate Buy
Moderate Buy
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
8 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$16.55C$16.59C$16.27C$16.57
Forecasted Upside14.03% Upside15.39% Upside15.47% Upside36.56% Upside
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PEY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PEY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Peyto Exploration & Development Stock vs. The Competition

TypePeyto Exploration & DevelopmentEnergy Companies
Consensus Rating Score
3.00
2.71
Consensus RatingBuyModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024CIBC
3 of 5 stars
 Lower TargetC$17.50 ➝ C$17.00+13.71%
6/21/2024TD Securities
4 of 5 stars
A. Bilkoski
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UpgradeStrong-Buy
6/14/2024Scotiabank
5 of 5 stars
C. Bean
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UpgradeStrong-Buy
5/16/2024Desjardins
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 Boost TargetBuyC$13.50 ➝ C$14.50-7.05%
5/15/2024Canaccord Genuity Group
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 Boost TargetBuyC$17.00 ➝ C$18.00+19.05%
4/23/2024Stifel Nicolaus
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 Boost TargetBuyC$16.25 ➝ C$18.00+18.27%
3/11/2024BMO Capital Markets
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 Boost TargetMarket PerformC$14.00 ➝ C$16.50+14.74%
2/16/2024ATB Capital
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 Set TargetOutperformC$15.00+11.77%
1/10/2024National Bankshares
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 Lower TargetOutperformC$17.50 ➝ C$15.00+14.33%
9/27/2023Raymond James
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 UpgradeMarket Perform ➝ OutperformC$13.50 ➝ C$15.00+9.73%
9/27/2023Royal Bank of Canada
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 Boost TargetSector PerformC$13.00 ➝ C$15.00+9.73%
1/12/2023Stifel Firstegy
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M. Dunn
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Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:49 AM ET.

PEY Forecast - Frequently Asked Questions

What is Peyto Exploration & Development's forecast for 2024?

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Peyto Exploration & Development is C$16.55, with a high forecast of C$22.00 and a low forecast of C$14.50.

Should I buy or sell Peyto Exploration & Development stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Peyto Exploration & Development in the last twelve months. There are currently 2 hold ratings, 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PEY shares.

Does Peyto Exploration & Development's stock price have much upside?

According to analysts, Peyto Exploration & Development's stock has a predicted upside of 15.14% based on their 12-month stock forecasts.

Has Peyto Exploration & Development been upgraded by Wall Street analysts recently?

Over the previous 90 days, Peyto Exploration & Development's stock had 2 upgrades by analysts.

What analysts cover Peyto Exploration & Development?

Peyto Exploration & Development has been rated by research analysts at Canaccord Genuity Group, CIBC, Desjardins, Scotiabank, and TD Securities in the past 90 days.

Do Wall Street analysts like Peyto Exploration & Development more than its competitors?

Analysts like Peyto Exploration & Development more than other "energy" companies. The consensus rating for Peyto Exploration & Development is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how PEY compares to other companies.


This page (TSE:PEY) was last updated on 7/23/2024 by MarketBeat.com Staff

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