Peyto Exploration & Development Corp (TSE:PEY) had its price objective trimmed by Royal Bank Of Canada from C$26.00 to C$25.00 in a report released on Friday morning. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. TD Securities upped their price objective on shares of Peyto Exploration & Development Corp from C$23.00 to C$25.00 and gave the company a buy rating in a report on Thursday. Scotiabank lowered their price target on shares of Peyto Exploration & Development Corp from C$33.00 to C$26.00 and set an outperform rating on the stock in a report on Thursday. Barclays PLC lowered their price target on shares of Peyto Exploration & Development Corp from C$26.00 to C$19.00 in a report on Monday, October 30th. National Bank Financial lowered their price target on shares of Peyto Exploration & Development Corp from C$29.00 to C$22.00 and set an outperform rating on the stock in a report on Friday, October 13th. Finally, BMO Capital Markets downgraded shares of Peyto Exploration & Development Corp from an outperform rating to a market perform rating and lowered their price target for the stock from C$30.00 to C$23.00 in a report on Tuesday, October 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of C$28.10.

Shares of Peyto Exploration & Development Corp (TSE:PEY) opened at C$19.20 on Friday. Peyto Exploration & Development Corp has a fifty-two week low of C$16.71 and a fifty-two week high of C$35.64.

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In related news, Director Micheal Macbean acquired 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were bought at an average cost of C$21.80 per share, for a total transaction of C$283,400.00. Also, Director Stephen Jonathan Chetner sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of C$18.88, for a total transaction of C$188,800.00.

About Peyto Exploration & Development Corp

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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