Brokerages Set Peyto Exploration & Development Corp (PEY) PT at $28.10
Peyto Exploration & Development Corp (TSE:PEY) has received a consensus rating of “Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$28.10.
PEY has been the subject of a number of research analyst reports. Barclays reduced their price objective on Peyto Exploration & Development from C$26.00 to C$19.00 in a report on Monday, October 30th. BMO Capital Markets cut Peyto Exploration & Development from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$30.00 to C$23.00 in a report on Tuesday, October 10th. National Bank Financial reduced their price objective on Peyto Exploration & Development from C$29.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday, October 13th. Royal Bank Of Canada reduced their price objective on Peyto Exploration & Development from C$26.00 to C$25.00 and set an “outperform” rating for the company in a report on Friday, November 10th. Finally, TD Securities boosted their price objective on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, November 9th.
In related news, Director Micheal Macbean purchased 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was acquired at an average cost of C$21.80 per share, for a total transaction of C$283,400.00. Also, Director Stephen Jonathan Chetner purchased 6,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average price of C$16.65 per share, with a total value of C$108,225.00.
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Peyto Exploration & Development 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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