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

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$19.00.

Several equities research analysts have recently issued reports on PEY shares. Canaccord Genuity Group cut shares of Peyto Exploration & Development from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Desjardins boosted their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “hold” rating in a research note on Thursday, March 13th. BMO Capital Markets upgraded shares of Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$18.50 to C$19.50 in a research note on Monday, March 24th. TD Securities upped their target price on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Raymond James downgraded shares of Peyto Exploration & Development from a “moderate buy” rating to a “hold” rating in a report on Wednesday.

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$18.97 on Tuesday. The company has a market cap of C$3.77 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a fifty day simple moving average of C$17.55 and a two-hundred day simple moving average of C$16.64. Peyto Exploration & Development has a 52 week low of C$13.40 and a 52 week high of C$19.79. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96.

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.