Peyto Exploration & Development Corp (TSE:PEY) had its price objective cut by investment analysts at Barclays PLC from C$26.00 to C$19.00 in a report issued on Monday. Barclays PLC’s target price points to a potential upside of 9.26% from the company’s current price.

Other analysts also recently issued reports about the company. Royal Bank Of Canada reduced their target price on Peyto Exploration & Development Corp from C$34.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday, August 11th. Scotiabank reissued an “outperform” rating and issued a C$36.00 target price on shares of Peyto Exploration & Development Corp in a report on Tuesday, July 4th. National Bank Financial reduced their target price on Peyto Exploration & Development Corp from C$29.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday, October 13th. Finally, BMO Capital Markets downgraded Peyto Exploration & Development Corp from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$30.00 to C$23.00 in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$31.77.

Shares of Peyto Exploration & Development Corp (TSE PEY) traded up 1.40% on Monday, reaching $17.39. The company had a trading volume of 1,523,972 shares. The company has a 50 day moving average of $19.79 and a 200-day moving average of $22.49. The company has a market capitalization of $2.87 billion and a P/E ratio of 20.27. Peyto Exploration & Development Corp has a 52 week low of $16.71 and a 52 week high of $35.64.

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In related news, Director Micheal Macbean purchased 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were purchased at an average price of C$21.80 per share, for a total transaction of C$283,400.00. Also, Director Stephen Jonathan Chetner sold 9,500 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$19.95, for a total value of C$189,525.00.

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.

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

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