Peyto Exploration & Development Corp. (TSE:PEY) Receives Average Rating of “Buy” from Analysts

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been given an average recommendation of “Buy” by the seven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$19.22.

A number of brokerages have recently issued reports on PEY. BMO Capital Markets upgraded shares of Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$18.50 to C$19.50 in a research note on Monday, March 24th. CIBC increased their target price on Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. Raymond James set a C$22.00 price target on Peyto Exploration & Development and gave the company an “outperform” rating in a report on Tuesday, April 8th. TD Securities upped their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Desjardins lifted their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “hold” rating in a report on Thursday, March 13th.

Peyto Exploration & Development Price Performance

Shares of TSE PEY opened at C$19.21 on Tuesday. The business has a 50 day moving average price of C$17.25 and a two-hundred day moving average price of C$16.54. Peyto Exploration & Development has a fifty-two week low of C$13.40 and a fifty-two week high of C$19.48. The firm has a market cap of C$3.81 billion, a PE ratio of 12.95, a price-to-earnings-growth 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.

Peyto Exploration & Development Company Profile

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.