BMO Capital Markets Cuts Peyto Exploration & Development (TSE:PEY) Price Target to C$5.00

Share on StockTwits

Peyto Exploration & Development (TSE:PEY) had its price objective cut by BMO Capital Markets from C$9.00 to C$5.00 in a research report report published on Friday morning, BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. National Bank Financial set a C$10.00 target price on shares of Peyto Exploration & Development and gave the stock an outperform rating in a research note on Wednesday, May 8th. Raymond James cut their target price on shares of Peyto Exploration & Development from C$8.00 to C$7.50 and set a market perform rating for the company in a research note on Wednesday, May 8th. Eight Capital set a C$6.00 target price on shares of Peyto Exploration & Development in a research note on Wednesday, May 8th. Finally, TD Securities cut their target price on shares of Peyto Exploration & Development from C$9.50 to C$9.00 and set a buy rating for the company in a research note on Thursday, May 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of C$8.83.

PEY stock opened at C$3.90 on Friday. The stock has a market cap of $643.01 million and a PE ratio of 6.05. The company has a debt-to-equity ratio of 72.53, a current ratio of 1.23 and a quick ratio of 0.88. Peyto Exploration & Development has a 52 week low of C$3.85 and a 52 week high of C$12.44.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, May 7th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$151.66 million for the quarter. As a group, equities analysts anticipate that Peyto Exploration & Development will post 0.3 EPS for the current fiscal year.

In other Peyto Exploration & Development news, Senior Officer Jean-Paul Henri Lachance acquired 8,800 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average price of C$7.41 per share, with a total value of C$65,208.00. Following the purchase, the insider now owns 110,760 shares in the company, valued at C$820,731.60. Also, Senior Officer Kathy Turgeon acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were acquired at an average cost of C$6.44 per share, with a total value of C$64,400.00. Following the purchase, the insider now owns 100,610 shares in the company, valued at approximately C$647,928.40.

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 Deep Basin, Alberta. As of December 31, 2018, it had a total proved plus probable reserves of 803 million barrels of oil equivalent.

Read More: What is a Lock-Up Period?

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

Receive News & Ratings for Peyto Exploration & Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peyto Exploration & Development and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Cross River Capital Management Buys 95,284 Shares of Francesca’s Holdings Corp  Stock
Cross River Capital Management Buys 95,284 Shares of Francesca’s Holdings Corp Stock
Delta Air Lines, Inc.  SVP William C. Carroll Sells 6,384 Shares
Delta Air Lines, Inc. SVP William C. Carroll Sells 6,384 Shares
Allianzgi Diversified Incm and Cnvrtb Fd  Insider Sells $395,623.00 in Stock
Allianzgi Diversified Incm and Cnvrtb Fd Insider Sells $395,623.00 in Stock
Ajmere Dale Sells 4,953 Shares of Square, Inc.  Stock
Ajmere Dale Sells 4,953 Shares of Square, Inc. Stock
Persis Drell Sells 2,500 Shares of NVIDIA Co.  Stock
Persis Drell Sells 2,500 Shares of NVIDIA Co. Stock
James E. Gibson Sells 4,749 Shares of Calavo Growers, Inc.  Stock
James E. Gibson Sells 4,749 Shares of Calavo Growers, Inc. Stock


© 2006-2019 Ticker Report