Peyto Exploration & Development Corp (TSE:PEY) had its price target reduced by equities researchers at Dundee Securities from C$43.00 to C$42.50 in a report released on Thursday. Dundee Securities’ price target would suggest a potential upside of 28.40% from the company’s previous close.

Several other brokerages also recently commented on PEY. Canaccord Genuity raised their target price on shares of Peyto Exploration & Development Corp from C$40.00 to C$42.00 in a report on Monday, July 25th. Desjardins restated a “hold” rating and set a C$38.50 target price on shares of Peyto Exploration & Development Corp in a report on Friday, August 12th. Punk Ziegel & Co raised their target price on shares of Peyto Exploration & Development Corp from C$41.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. FirstEnergy Capital raised their target price on shares of Peyto Exploration & Development Corp from C$41.75 to C$43.50 in a report on Thursday, August 11th. Finally, AltaCorp Capital raised their target price on shares of Peyto Exploration & Development Corp from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$40.53.

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

Shares of Peyto Exploration & Development Corp (TSE:PEY) opened at 33.10 on Thursday. Peyto Exploration & Development Corp has a 52 week low of $21.55 and a 52 week high of $39.41. The firm has a market capitalization of $5.39 billion and a PE ratio of 45.40. The stock has a 50 day moving average of $36.08 and a 200-day moving average of $35.56.

In other Peyto Exploration & Development Corp news, insider Todd Burdick sold 1,000 shares of Peyto Exploration & Development Corp stock in a transaction 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.

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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