Peyto Exploration & Development Corp (TSE:PEY) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$3.11 and last traded at C$3.16, with a volume of 276375 shares trading hands. The stock had previously closed at C$3.27.

Several equities research analysts have recently commented on the company. Royal Bank of Canada reduced their target price on Peyto Exploration & Development from C$9.00 to C$6.00 in a report on Thursday, July 18th. National Bank Financial reduced their target price on Peyto Exploration & Development from C$10.00 to C$5.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Raymond James reduced their price objective on Peyto Exploration & Development from C$8.00 to C$7.50 and set a “market perform” rating for the company in a research note on Wednesday, May 8th. Eight Capital set a C$6.00 price objective on Peyto Exploration & Development in a research note on Wednesday, May 8th. Finally, CIBC reduced their price objective on Peyto Exploration & Development from C$10.00 to C$6.00 in a research note on Wednesday, June 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$6.48.

The stock has a 50 day moving average price of C$3.84. The firm has a market capitalization of $539.14 million and a PE ratio of 4.81. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 72.53.

In related news, Director Michael Macbean sold 17,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$3.94, for a total value of C$66,980.00. Following the completion of the sale, the director now directly owns 3,500 shares of the company’s stock, valued at approximately C$13,790.

About Peyto Exploration & Development (TSE:PEY)

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin, Alberta. As of December 31, 2018, it had a total proved plus probable reserves of 803 million barrels of oil equivalent.

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