Peyto Exploration & Development Corp. (TSE:PEY) Receives C$24.55 Consensus Price Target from Analysts

Peyto Exploration & Development Corp. (TSE:PEY) has received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$24.55.

PEY has been the topic of several recent research reports. Canadian Imperial Bank of Commerce raised shares of Peyto Exploration & Development from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$21.00 to C$25.00 in a research report on Tuesday, January 13th. Scotiabank lifted their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Desjardins increased their price target on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Royal Bank Of Canada raised their price target on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Finally, TD Securities lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target on the stock. in a research report on Friday, February 20th.

Peyto Exploration & Development Stock Performance

Shares of Peyto Exploration & Development stock opened at C$28.72 on Friday. The business’s 50 day moving average price is C$25.16 and its 200 day moving average price is C$22.18. The company has a market cap of C$5.80 billion, a price-to-earnings ratio of 15.61, a PEG ratio of -0.46 and a beta of -0.20. The company has a debt-to-equity ratio of 41.44, a quick ratio of 0.32 and a current ratio of 0.98. Peyto Exploration & Development has a one year low of C$14.60 and a one year high of C$29.22.

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.