Peyto Exploration & Development (PEY) PT Lowered to C$20.00

Peyto Exploration & Development (TSE:PEY) had its price target cut by Royal Bank of Canada from C$23.00 to C$20.00 in a research report report published on Friday. They currently have an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. CSFB decreased their target price on shares of Peyto Exploration & Development from C$16.00 to C$14.00 in a research report on Friday. TD Securities decreased their target price on shares of Peyto Exploration & Development from C$21.00 to C$19.50 and set a buy rating for the company in a research report on Tuesday. National Bank Financial decreased their target price on shares of Peyto Exploration & Development from C$22.00 to C$16.00 and set an outperform rating for the company in a research report on Tuesday. Scotiabank decreased their target price 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 report on Thursday, November 9th. Finally, Barclays cut their price target on shares of Peyto Exploration & Development from C$26.00 to C$19.00 in a report on Monday, October 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of C$21.97.

Peyto Exploration & Development (TSE:PEY) traded up C$0.57 during trading hours on Friday, hitting C$13.76. 3,630,000 shares of the stock traded hands, compared to its average volume of 1,740,000. The company has a market capitalization of $2,270.00, a P/E ratio of 13.90 and a beta of 0.15. Peyto Exploration & Development has a one year low of C$13.05 and a one year high of C$30.94.

In related news, Director Stephen Jonathan Chetner bought 6,500 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of C$16.65 per share, for a total transaction of C$108,225.00. Also, Director Brian Davis bought 1,800 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was bought at an average price of C$14.42 per share, for a total transaction of C$25,956.00.

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Peyto Exploration & Development Company Profile

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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