Peyto Exploration & Development Corp (TSE:PEY)‘s stock had its “outperform” rating reiterated by analysts at Scotiabank in a research report issued to clients and investors on Thursday. They currently have a C$42.50 target price on the stock. Scotiabank’s target price points to a potential upside of 28.40% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Dundee Securities reduced their price target on Peyto Exploration & Development Corp from C$43.00 to C$42.50 in a report on Thursday. CIBC increased their price target on Peyto Exploration & Development Corp from C$37.50 to C$40.00 in a report on Wednesday, October 19th. Barclays PLC increased their price target on Peyto Exploration & Development Corp from C$44.00 to C$46.00 in a report on Tuesday, October 11th. Canaccord Genuity increased their price target on Peyto Exploration & Development Corp from C$40.00 to C$42.00 in a report on Monday, July 25th. Finally, Royal Bank Of Canada increased their price target on Peyto Exploration & Development Corp from C$36.00 to C$40.00 in a report on Thursday, July 14th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$40.53.

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

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’s 50-day moving average price is $36.08 and its 200-day moving average price is $35.56. The stock has a market cap of $5.39 billion and a PE ratio of 45.40.

In other news, insider Todd Burdick sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of C$37.90, for a total value 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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