Peyto Exploration & Dev (TSE:PEY) had its target price boosted by investment analysts at Raymond James from C$15.50 to C$16.00 in a research note issued to investors on Friday, April 6th. Raymond James’ price target would suggest a potential upside of 35.02% from the company’s previous close.
A number of other equities analysts also recently commented on the stock. TD Securities lowered their target price on shares of Peyto Exploration & Dev from C$21.00 to C$19.50 and set a “buy” rating for the company in a research note on Tuesday, January 9th. BMO Capital Markets raised shares of Peyto Exploration & Dev from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$15.00 to C$16.00 in a research report on Friday, January 12th. CSFB reduced their price target on shares of Peyto Exploration & Dev from C$16.00 to C$14.00 in a research report on Friday, January 12th. Scotiabank cut shares of Peyto Exploration & Dev from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$22.50 to C$17.50 in a research report on Monday, January 15th. Finally, Eight Capital reduced their price target on shares of Peyto Exploration & Dev from C$16.25 to C$15.15 in a research report on Friday, January 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$14.82.
Shares of TSE:PEY traded up C$0.77 during trading on Friday, hitting C$11.85. The company’s stock had a trading volume of 1,112,400 shares, compared to its average volume of 1,127,428. Peyto Exploration & Dev has a fifty-two week low of C$9.83 and a fifty-two week high of C$26.64.
Peyto Exploration & Dev (TSE:PEY) last issued its earnings results on Wednesday, February 28th. The company reported C$0.31 EPS for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.05. The firm had revenue of C$211.80 million during the quarter. Peyto Exploration & Dev had a net margin of 30.65% and a return on equity of 10.84%.
In other news, insider Scott Robinson sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of C$10.09, for a total value of C$403,600.00. Also, Director Stephen Jonathan Chetner sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of C$12.80, for a total transaction of C$320,000.00.
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Peyto Exploration & Dev Company Profile
Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Canada. The company's oil and gas properties are located in the Alberta's Deep Basin. As of December 31, 2016, it had a total proved plus probable reserves of 655 million barrels of oil equivalent.
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