Brokerages Set Peyto Exploration & Development Corp. (TSE:PEY) Target Price at C$20.92

Peyto Exploration & Development Corp. (TSE:PEY) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$20.92.

A number of brokerages have recently issued reports on PEY. Royal Bank Of Canada upped their price objective on Peyto Exploration & Development from C$18.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 22nd. CIBC upped their price objective on Peyto Exploration & Development from C$17.50 to C$19.25 and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Desjardins increased their price target on Peyto Exploration & Development from C$18.00 to C$18.50 and gave the company a “hold” rating in a research note on Thursday, May 22nd. TD Securities raised their price target on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group downgraded Peyto Exploration & Development from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 14th.

Peyto Exploration & Development Trading Up 0.8%

Shares of Peyto Exploration & Development stock opened at C$18.77 on Wednesday. Peyto Exploration & Development has a 12-month low of C$13.40 and a 12-month high of C$21.12. The stock has a market cap of C$3.73 billion, a P/E ratio of 12.65, a P/E/G 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. The business’s 50 day moving average is C$19.11 and its 200-day moving average is C$17.47.

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.