Peyto Exploration & Development Corp (PEY) Shares Down 1.7%

Shares of Peyto Exploration & Development Corp (TSE:PEY) traded down 1.7% during trading on Friday . The stock traded as low as C$16.60 and last traded at C$16.62. 1,395,007 shares traded hands during trading, an increase of 115% from the average session volume of 649,102 shares. The stock had previously closed at C$16.91.

Several analysts have recently commented on the stock. Scotiabank decreased their price objective 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 research report on Thursday, November 9th. Royal Bank Of Canada decreased their price objective on shares of Peyto Exploration & Development Corp from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th. BMO Capital Markets downgraded shares of Peyto Exploration & Development Corp from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$30.00 to C$23.00 in a research report on Tuesday, October 10th. Barclays PLC decreased their price objective on shares of Peyto Exploration & Development Corp from C$30.00 to C$26.00 in a research report on Monday, July 24th. Finally, National Bank Financial cut their target price on shares of Peyto Exploration & Development Corp from C$29.00 to C$22.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Peyto Exploration & Development Corp presently has a consensus rating of “Buy” and an average price target of C$28.10.

In other Peyto Exploration & Development Corp news, Director Micheal Macbean acquired 13,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was acquired at an average cost of C$21.80 per share, with a total value of C$283,400.00. Also, Director Stephen Jonathan Chetner sold 10,000 shares of Peyto Exploration & Development Corp stock in a transaction 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.

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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.

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