National Bank Financial reaffirmed their outperform rating on shares of Peyto Exploration & Development Corp (TSE:PEY) in a report released on Thursday. They currently have a C$53.00 price objective on the stock.

A number of other research analysts have also issued reports on the stock. Dundee Securities dropped their price objective on shares of Peyto Exploration & Development Corp from C$43.00 to C$42.50 in a report on Thursday, November 10th. CIBC raised their price objective on shares of Peyto Exploration & Development Corp from C$37.50 to C$40.00 in a report on Wednesday, October 19th. Barclays PLC raised their price objective on shares of Peyto Exploration & Development Corp from C$44.00 to C$46.00 in a report on Tuesday, October 11th. Desjardins reiterated a hold rating and issued a C$38.50 price objective on shares of Peyto Exploration & Development Corp in a report on Friday, August 12th. Finally, TD Securities raised their price target on shares of Peyto Exploration & Development Corp from C$43.00 to C$45.00 and gave the stock a buy rating in a report on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Peyto Exploration & Development Corp has an average rating of Buy and a consensus price target of C$40.53.

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

Shares of Peyto Exploration & Development Corp (TSE:PEY) opened at 33.70 on Thursday. The stock has a 50 day moving average of $35.99 and a 200-day moving average of $35.61. The company has a market cap of $5.55 billion and a price-to-earnings ratio of 46.29. Peyto Exploration & Development Corp has a 12 month low of $21.55 and a 12 month high of $39.41.

In related 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 value 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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