Shares of Peyto Exploration & Development Corp (TSE:PEY) have earned an average rating of “Buy” from the eighteen research firms that are presently covering the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$39.59.

Several analysts have issued reports on PEY shares. FirstEnergy Capital upped their price target on shares of Peyto Exploration & Development Corp from C$41.75 to C$43.50 in a research report on Thursday, August 11th. Royal Bank Of Canada upped their price target on shares of Peyto Exploration & Development Corp from C$36.00 to C$40.00 in a research report on Thursday, July 14th. Barclays PLC upped their price target on shares of Peyto Exploration & Development Corp from C$38.00 to C$44.00 in a research report on Friday, July 22nd. BMO Capital Markets upped their price target on shares of Peyto Exploration & Development Corp from C$37.00 to C$39.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. Finally, Desjardins set a C$37.00 price target on shares of Peyto Exploration & Development Corp in a research report on Tuesday, June 28th.

In other Peyto Exploration & Development Corp news, insider Todd Burdick sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$37.90, for a total transaction of C$37,900.00.

Shares of Peyto Exploration & Development Corp (TSE:PEY) traded up 0.75% during mid-day trading on Wednesday, reaching $37.72. The company had a trading volume of 144,235 shares. Peyto Exploration & Development Corp has a 12-month low of $21.55 and a 12-month high of $39.41. The firm has a 50-day moving average of $37.25 and a 200-day moving average of $34.65. The company has a market capitalization of $6.21 billion and a P/E ratio of 45.89.

Peyto Exploration & Development Corp Company Profile

Peyto Exploration & Development Corp. is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

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