Raymond James Increases Peyto Exploration & Development (PEY) Price Target to C$16.25

Peyto Exploration & Development (TSE:PEY) had its price target upped by Raymond James from C$15.75 to C$16.25 in a report issued on Thursday. Raymond James currently has an outperform rating on the stock.

Several other brokerages have also weighed in on PEY. Canaccord Genuity cut their price objective on shares of Peyto Exploration & Development from C$18.00 to C$16.00 in a report on Tuesday, October 16th. TD Securities lowered shares of Peyto Exploration & Development from a buy rating to a hold rating and set a C$12.00 price objective on the stock. in a report on Thursday. GMP Securities cut their price objective on shares of Peyto Exploration & Development from C$14.00 to C$13.50 in a report on Thursday. Finally, National Bank Financial cut their price objective on shares of Peyto Exploration & Development from C$14.50 to C$13.00 and set a c$10.49 rating on the stock in a report on Wednesday, July 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of C$14.20.

Shares of PEY stock traded up C$0.22 during trading hours on Thursday, hitting C$11.16. 916,735 shares of the company were exchanged, compared to its average volume of 928,363. Peyto Exploration & Development has a 1 year low of C$9.83 and a 1 year high of C$19.83. The company has a current ratio of 0.82, a quick ratio of 0.41 and a debt-to-equity ratio of 72.41.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings data on Wednesday, August 8th. The company reported C$0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.27 by C($0.09). The firm had revenue of C$159.81 million for the quarter. On average, equities research analysts forecast that Peyto Exploration & Development will post 0.730000066727611 EPS for the current year.

In other Peyto Exploration & Development news, Director Micheal Macbean purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 10th. The shares were purchased at an average price of C$12.13 per share, for a total transaction of C$242,600.00. Also, insider Scott Robinson sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of C$10.99, for a total transaction of C$329,700.00.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Canada. The company's oil and gas properties are located in the Alberta's Deep Basin. As of December 31, 2017, it had a total proved plus probable reserves of 722 million barrels of oil equivalent.

See Also: Outstanding Shares

Analyst Recommendations for Peyto Exploration & Development (TSE:PEY)

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