TD Securities Boosts Peyto Exploration & Development (PEY) Price Target to C$8.50

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Peyto Exploration & Development (TSE:PEY) had its target price boosted by TD Securities from C$8.00 to C$8.50 in a research report released on Friday. They currently have a hold rating on the stock.

Several other research analysts have also recently weighed in on PEY. GMP Securities dropped their price objective on shares of Peyto Exploration & Development from C$14.00 to C$13.50 in a research report on Thursday, November 8th. Raymond James boosted their price objective on shares of Peyto Exploration & Development from C$15.75 to C$16.25 and gave the stock an outperform rating in a research report on Thursday, November 8th. National Bank Financial reaffirmed an outperform rating and set a C$11.00 target price on shares of Peyto Exploration & Development in a report on Monday, December 10th. Royal Bank of Canada lowered shares of Peyto Exploration & Development from an outperform rating to a sector perform rating and lowered their target price for the stock from C$12.00 to C$9.00 in a report on Monday, January 7th. Finally, Canaccord Genuity lowered their target price on shares of Peyto Exploration & Development from C$16.00 to C$12.00 in a report on Thursday, January 10th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of C$10.30.

PEY stock opened at C$7.21 on Friday. The company has a debt-to-equity ratio of 69.58, a current ratio of 0.55 and a quick ratio of 0.25. Peyto Exploration & Development has a fifty-two week low of C$6.49 and a fifty-two week high of C$12.69. The company has a market capitalization of $1.18 billion and a P/E ratio of 9.24.

In other Peyto Exploration & Development news, insider Scott Robinson sold 10,000 shares of Peyto Exploration & Development stock in a transaction on Monday, December 24th. The shares were sold at an average price of C$6.90, for a total transaction of C$69,000.00. Following the completion of the sale, the insider now owns 348,007 shares of the company’s stock, valued at approximately C$2,401,248.30.

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.

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

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