Peyto Exploration & Development Corp (TSE:PEY)‘s stock had its “buy” rating restated by stock analysts at TD Securities in a research report issued to clients and investors on Thursday. They currently have a C$44.00 price objective on the stock. TD Securities’ target price would indicate a potential upside of 32.93% from the company’s previous close.

PEY has been the subject of a number of other research reports. CIBC boosted their price target on Peyto Exploration & Development Corp from C$37.50 to C$40.00 in a research note on Wednesday, October 19th. Barclays PLC boosted their price target on Peyto Exploration & Development Corp from C$44.00 to C$46.00 in a research note on Tuesday, October 11th. Royal Bank Of Canada boosted their target price on Peyto Exploration & Development Corp from C$36.00 to C$40.00 in a research note on Thursday, July 14th. Scotiabank raised their price target on shares of Peyto Exploration & Development Corp from C$40.00 to C$42.50 and gave the company an “outperform” rating in a research note on Thursday, August 11th. Finally, Desjardins reaffirmed a “hold” rating and set a C$38.50 price target on shares of Peyto Exploration & Development Corp in a report on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus 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. The firm has a market capitalization of $5.39 billion and a P/E ratio of 45.40. Peyto Exploration & Development Corp has a 12 month low of $21.55 and a 12 month high of $39.41. The company has a 50 day moving average of $36.08 and a 200-day moving average of $35.56.

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

About Peyto Exploration & Development Corp

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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