Peyto Exploration & Development Corp (PEY) Downgraded by BMO Capital Markets

Peyto Exploration & Development Corp (TSE:PEY) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Tuesday. They currently have a C$23.00 price target on the stock, down from their previous price target of C$30.00. BMO Capital Markets’ price target indicates a potential upside of 19.48% from the stock’s current price.

Several other research firms also recently weighed in on PEY. Royal Bank Of Canada dropped their target price on shares of Peyto Exploration & Development Corp from C$40.00 to C$34.00 in a report on Thursday, July 20th. Scotiabank reiterated 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. Barclays PLC dropped their target price on shares of Peyto Exploration & Development Corp from C$30.00 to C$26.00 in a report on Monday, July 24th. Finally, National Bank Financial set a C$29.00 target price on shares of Peyto Exploration & Development Corp in a report on Friday, June 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$33.05.

Peyto Exploration & Development Corp (TSE PEY) traded down 2.75% during midday trading on Tuesday, hitting $18.72. The company had a trading volume of 1,055,553 shares. Peyto Exploration & Development Corp has a 1-year low of $18.63 and a 1-year high of $38.71. The company has a 50 day moving average price of $20.60 and a 200 day moving average price of $23.35. The firm has a market capitalization of $3.09 billion and a P/E ratio of 21.82.

COPYRIGHT VIOLATION NOTICE: This story was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/peyto-exploration-development-corp-pey-downgraded-by-bmo-capital-markets.html.

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

Several other research firms also recently weighed in on PEY. Royal Bank Of Canada dropped their target price on shares of Peyto Exploration & Development Corp from C$40.00 to C$34.00 in a report on Thursday, July 20th. Scotiabank reiterated 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. Barclays PLC dropped their target price on shares of Peyto Exploration & Development Corp from C$30.00 to C$26.00 in a report on Monday, July 24th. Finally, National Bank Financial set a C$29.00 target price on shares of Peyto Exploration & Development Corp in a report on Friday, June 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$33.05.

Peyto Exploration & Development Corp (TSE PEY) traded down 2.75% during midday trading on Tuesday, hitting $18.72. The company had a trading volume of 1,055,553 shares. Peyto Exploration & Development Corp has a 1-year low of $18.63 and a 1-year high of $38.71. The company has a 50 day moving average price of $20.60 and a 200 day moving average price of $23.35. The firm has a market capitalization of $3.09 billion and a P/E ratio of 21.82.

COPYRIGHT VIOLATION NOTICE: This story was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/peyto-exploration-development-corp-pey-downgraded-by-bmo-capital-markets.html.

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

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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