Peyto Exploration & Development Corp (TSE:PEY) has earned a consensus rating of “Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$28.10.

PEY has been the topic of several research analyst reports. Barclays dropped their price objective on Peyto Exploration & Development from C$26.00 to C$19.00 in a research note on Monday, October 30th. BMO Capital Markets downgraded Peyto Exploration & Development from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$30.00 to C$23.00 in a research note on Tuesday, October 10th. National Bank Financial dropped their price objective on Peyto Exploration & Development from C$29.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, October 13th. Royal Bank Of Canada dropped their price objective on Peyto Exploration & Development from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Finally, TD Securities raised their price objective on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th.

In related news, Director Micheal Macbean bought 13,000 shares of Peyto Exploration & Development stock in a transaction dated Wednesday, September 27th. The stock was purchased at an average cost of C$21.80 per share, with a total value of C$283,400.00. Also, Director Stephen Jonathan Chetner bought 6,500 shares of Peyto Exploration & Development stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of C$16.65 per share, with a total value of C$108,225.00.

Shares of Peyto Exploration & Development (PEY) traded up C$0.20 during trading on Friday, reaching C$15.51. The company had a trading volume of 1,846,484 shares, compared to its average volume of 746,898. Peyto Exploration & Development has a twelve month low of C$15.00 and a twelve month high of C$35.50.

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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.

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

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