Peyto Exploration & Development (PEY) Price Target Lowered to C$16.00 at National Bank Financial

Peyto Exploration & Development (TSE:PEY) had its price objective reduced by National Bank Financial from C$22.00 to C$16.00 in a report released on Tuesday morning. They currently have an outperform rating on the stock.

PEY has been the subject of several other reports. Scotiabank decreased their price objective on shares of Peyto Exploration & Development from C$33.00 to C$26.00 and set an outperform rating for the company in a research note on Thursday, November 9th. BMO Capital Markets cut shares of Peyto Exploration & Development from an outperform rating to a market perform rating and decreased their price objective for the company from C$30.00 to C$23.00 in a research note on Tuesday, October 10th. Royal Bank of Canada decreased their price objective on shares of Peyto Exploration & Development from C$26.00 to C$25.00 and set an outperform rating for the company in a research note on Friday, November 10th. TD Securities lifted their price objective on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a buy rating in a research note on Thursday, November 9th. Finally, Barclays decreased their price objective on shares of Peyto Exploration & Development from C$26.00 to C$19.00 in a research note on Monday, October 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of C$25.61.

Shares of Peyto Exploration & Development (TSE PEY) opened at C$13.19 on Tuesday. Peyto Exploration & Development has a 12 month low of C$13.05 and a 12 month high of C$30.94. The company has a market cap of $2,170.00, a P/E ratio of 13.32 and a beta of 0.15.

In related news, Director Stephen Jonathan Chetner sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of C$18.88, for a total value of C$188,800.00. Also, Director Brian Davis bought 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average price of C$14.42 per share, with a total value of C$25,956.00.

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About Peyto Exploration & Development

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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