Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$24.55.

Several research analysts have commented on the stock. TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target for the company. in a report on Friday, February 20th. Royal Bank Of Canada upped their price target on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a “hold” rating to an “outperform” rating and increased their price objective for the stock from C$21.00 to C$25.00 in a research report on Tuesday, January 13th. Desjardins lifted their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, Scotiabank boosted their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st.

Peyto Exploration & Development Stock Down 1.7%

Peyto Exploration & Development stock opened at C$28.05 on Friday. The firm has a 50 day simple moving average of C$25.44 and a 200 day simple moving average of C$22.28. The company has a current ratio of 0.98, a quick ratio of 0.32 and a debt-to-equity ratio of 41.44. Peyto Exploration & Development has a 1-year low of C$14.60 and a 1-year high of C$29.22. The firm has a market capitalization of C$5.70 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of -0.46 and a beta of -0.20.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.