Peyto Exploration & Development Corp. (TSE:PEY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$24.55.

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

Peyto Exploration & Development Price Performance

Shares of PEY stock opened at C$28.54 on Friday. The firm’s 50 day moving average price is C$25.71 and its two-hundred day moving average price is C$22.40. The company has a debt-to-equity ratio of 41.44, a quick ratio of 0.32 and a current ratio of 0.98. Peyto Exploration & Development has a 52-week low of C$14.60 and a 52-week high of C$29.22. The stock has a market cap of C$5.80 billion, a PE ratio of 13.85, a PEG ratio of -0.46 and a beta of -0.20.

About Peyto Exploration & Development

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.