Peyto Exploration & Development Corp (TSE:PEY)’s share price traded down 2.9% during mid-day trading on Friday . The stock traded as low as C$3.02 and last traded at C$3.03, 111,600 shares were traded during mid-day trading. A decline of 92% from the average session volume of 1,342,269 shares. The stock had previously closed at C$3.12.

Several equities research analysts have issued reports on the stock. CIBC lowered their price objective on shares of Peyto Exploration & Development from C$6.00 to C$4.00 in a research report on Tuesday, October 15th. Scotiabank lowered their price objective on shares of Peyto Exploration & Development from C$5.25 to C$5.00 in a research report on Tuesday, January 14th. Tudor Pickering reissued a “hold” rating on shares of Peyto Exploration & Development in a research report on Tuesday, January 7th. Raymond James reissued a “market perform” rating and issued a C$3.00 price objective on shares of Peyto Exploration & Development in a research report on Thursday, November 7th. Finally, National Bank Financial reaffirmed a “sector perform” rating and issued a C$4.00 price target on shares of Peyto Exploration & Development in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Peyto Exploration & Development has an average rating of “Hold” and an average target price of C$4.85.

The firm’s 50-day moving average price is C$3.55 and its two-hundred day moving average price is C$3.36. The stock has a market cap of $514.41 million and a PE ratio of 3.26. The company has a current ratio of 0.87, a quick ratio of 0.70 and a debt-to-equity ratio of 66.45.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$104.50 million during the quarter. On average, analysts anticipate that Peyto Exploration & Development Corp will post 0.29 earnings per share for the current year.

In other news, Senior Officer Kathy Turgeon sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$3.59, for a total value of C$53,850.00. Following the completion of the sale, the insider now owns 85,610 shares of the company’s stock, valued at approximately C$307,339.90.

About Peyto Exploration & Development (TSE:PEY)

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin, Alberta. As of December 31, 2018, it had a total proved plus probable reserves of 803 million barrels of oil equivalent.

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