Peyto Exploration & Development (TSE:PEY) Shares Down 3.7%

Shares of Peyto Exploration & Development Corp (TSE:PEY) were down 3.7% during mid-day trading on Thursday . The stock traded as low as C$2.63 and last traded at C$2.63, approximately 146,660 shares traded hands during mid-day trading. A decline of 87% from the average daily volume of 1,116,376 shares. The stock had previously closed at C$2.73.

Several equities analysts have recently issued reports on PEY shares. National Bank Financial reduced their target price on Peyto Exploration & Development from C$5.00 to C$4.25 and set a “sector perform” rating for the company in a report on Wednesday, October 2nd. GMP Securities reduced their target price on Peyto Exploration & Development from C$9.50 to C$6.50 in a report on Friday, June 28th. Royal Bank of Canada reduced their target price on Peyto Exploration & Development from C$9.00 to C$6.00 in a report on Thursday, July 18th. TD Securities reduced their target price on Peyto Exploration & Development from C$5.00 to C$4.75 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, CIBC reduced their target price on Peyto Exploration & Development from C$6.00 to C$4.00 in a report on Tuesday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Peyto Exploration & Development presently has a consensus rating of “Hold” and an average price target of C$6.20.

The firm has a fifty day simple moving average of C$3.30 and a two-hundred day simple moving average of C$4.43. The firm has a market capitalization of $440.21 million and a P/E ratio of 2.50. The company has a debt-to-equity ratio of 66.47, a current ratio of 1.18 and a quick ratio of 0.67.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.59 earnings per share for the quarter. The firm had revenue of C$115.29 million for the quarter. On average, research analysts anticipate that Peyto Exploration & Development Corp will post 0.26 EPS for the current year.

About Peyto Exploration & Development (TSE:PEY)

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin, Alberta. As of December 31, 2018, it had a total proved plus probable reserves of 803 million barrels of oil equivalent.

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