Peyto Exploration & Development Corp Downgraded by GMP Securities to “Hold” (PEY)
Peyto Exploration & Development Corp (TSE:PEY) was downgraded by research analysts at GMP Securities from a “buy” rating to a “hold” rating in a report released on Thursday, Analyst Ratings Net reports.
Shares of Peyto Exploration & Development Corp (TSE:PEY) traded down 4.26% on Thursday, hitting $37.73. 1,122,145 shares of the company’s stock traded hands. Peyto Exploration & Development Corp has a 52 week low of $27.40 and a 52 week high of $40.70. The stock’s 50-day moving average is $38.90 and its 200-day moving average is $34.62. The company has a price-to-earnings ratio of 41.05.
The company also recently announced a dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.0729 per share. The ex-dividend date is Monday, April 28th.
PEY has been the subject of a number of other recent research reports. Analysts at Sanders Morris Harris raised their price target on shares of Peyto Exploration & Development Corp from C$45.00 to C$47.50 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Peyto Exploration & Development Corp from C$40.00 to C$43.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Peyto Exploration & Development Corp in a research note on Thursday. They now have a C$50.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$43.04.
Peyto Exploration and Development Corp, formerly Peyto Exploration & Development Corp. is a Canada-based energy company.
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