Peyto Exploration & Development (TSE:PEY) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Monday. They presently have a C$12.00 price target on the stock, down from their previous price target of C$15.00. BMO Capital Markets’ price target would suggest a potential upside of 18.58% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. CIBC cut their price objective on Peyto Exploration & Development from C$14.00 to C$12.50 in a report on Tuesday, January 23rd. Eight Capital cut their price objective on Peyto Exploration & Development from C$16.25 to C$15.15 in a report on Friday, January 12th. CSFB cut their price objective on Peyto Exploration & Development from C$16.00 to C$14.00 in a report on Friday, January 12th. Barclays cut their price objective on Peyto Exploration & Development from C$19.00 to C$14.00 in a report on Monday, January 15th. Finally, TD Securities cut their price objective on Peyto Exploration & Development from C$19.50 to C$18.00 and set a “buy” rating for the company in a report on Monday, January 15th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$15.02.
Shares of Peyto Exploration & Development (TSE:PEY) traded down C$0.23 during midday trading on Monday, hitting C$10.12. The company’s stock had a trading volume of 1,062,866 shares, compared to its average volume of 1,216,711. The company has a market capitalization of $1,710.00, a PE ratio of 9.48 and a beta of -0.02. Peyto Exploration & Development has a 12 month low of C$9.83 and a 12 month high of C$28.68.
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About Peyto Exploration & Development
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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