Peyto Exploration & Development Corp (TSE:PEY) PT Lowered to C$26.00 at Barclays PLC

Peyto Exploration & Development Corp (TSE:PEY) had its price target dropped by stock analysts at Barclays PLC from C$30.00 to C$26.00 in a report issued on Monday, July 24th. Barclays PLC’s price objective indicates a potential upside of 31.38% from the company’s previous close.

Several other analysts have also issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Peyto Exploration & Development Corp from C$45.00 to C$40.00 and set an “ourperform” rating on the stock in a research report on Thursday, May 11th. National Bank Financial set a C$29.00 price target on shares of Peyto Exploration & Development Corp in a research report on Friday, June 23rd. Scotiabank restated an “outperform” rating and issued a C$36.00 target price on shares of Peyto Exploration & Development Corp in a research report on Tuesday, July 4th. TD Securities cut their target price on shares of Peyto Exploration & Development Corp from C$37.00 to C$36.00 and set a “buy” rating on the stock in a research report on Wednesday, May 10th. Finally, CSFB restated a “neutral” rating and issued a C$28.00 target price on shares of Peyto Exploration & Development Corp in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$34.59.

Peyto Exploration & Development Corp (TSE PEY) traded down 0.20% during midday trading on Monday, reaching $19.79. The company’s stock had a trading volume of 273,240 shares. The firm has a market cap of $3.26 billion and a P/E ratio of 23.07. Peyto Exploration & Development Corp has a 52 week low of $19.68 and a 52 week high of $39.41. The firm has a 50 day moving average price of $21.93 and a 200-day moving average price of $25.19.

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In other Peyto Exploration & Development Corp news, Director Stephen Jonathan Chetner sold 9,500 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$19.95, for a total value of C$189,525.00. Also, insider Darren Gee purchased 10,000 shares of Peyto Exploration & Development Corp stock in a transaction on Thursday, June 15th. The stock was bought at an average price of C$23.45 per share, with a total value of C$234,500.00. In the last three months, insiders have purchased 40,000 shares of company stock valued at $935,800 and have sold 39,900 shares valued at $908,069.

About Peyto Exploration & Development Corp

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

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