Shares of Peyto Exploration & Development Corp (TSE:PEY) have been assigned an average rating of “Buy” from the eighteen brokerages that are presently covering the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$40.53.

Several equities research analysts have commented on PEY shares. Barclays PLC boosted their price objective on Peyto Exploration & Development Corp from C$38.00 to C$44.00 in a research note on Friday, July 22nd. Canaccord Genuity boosted their target price on Peyto Exploration & Development Corp from C$40.00 to C$42.00 in a report on Monday, July 25th. AltaCorp Capital boosted their target price on 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. BMO Capital Markets boosted their target price on Peyto Exploration & Development Corp from C$37.00 to C$39.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. Finally, Dundee Securities boosted their target price on Peyto Exploration & Development Corp from C$40.00 to C$40.50 and gave the stock a “buy” rating in a report on Thursday, August 11th.

In other news, insider Todd Burdick sold 1,000 shares of the company’s stock in a transaction 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.

Peyto Exploration & Development Corp (TSE:PEY) traded down 0.47% on Wednesday, reaching $34.21. The company’s stock had a trading volume of 303,923 shares. Peyto Exploration & Development Corp has a 52 week low of $21.55 and a 52 week high of $39.41. The company has a 50 day moving average of $35.94 and a 200 day moving average of $35.63. The firm has a market capitalization of $5.63 billion and a price-to-earnings ratio of 46.99.

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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