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

Shares of Peyto Exploration & Development Corp. (TSE:PEY) 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.