Peyto Exploration & Development (PEY) Price Target Lowered to C$14.00 at CSFB

Peyto Exploration & Development (TSE:PEY) had its price target lowered by CSFB from C$16.00 to C$14.00 in a report released on Friday morning.

Other equities analysts also recently issued reports about the stock. Barclays reduced their price objective on shares of Peyto Exploration & Development from C$26.00 to C$19.00 in a research note on Monday, October 30th. TD Securities raised their target price on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a buy rating in a research note on Thursday, November 9th. BMO Capital Markets downgraded shares of Peyto Exploration & Development from an outperform rating to a market perform rating and cut their target price for the company from C$30.00 to C$23.00 in a research note on Tuesday, October 10th. National Bank Financial cut their target price on shares of Peyto Exploration & Development from C$22.00 to C$16.00 and set an outperform rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada cut their target price on shares of Peyto Exploration & Development from C$26.00 to C$25.00 and set an outperform rating for the company in a research note on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of C$21.97.

Peyto Exploration & Development (PEY) traded up C$0.57 during trading on Friday, hitting C$13.76. 3,630,000 shares of the stock were exchanged, compared to its average volume of 1,740,000. Peyto Exploration & Development has a one year low of C$13.05 and a one year high of C$30.94. The firm has a market cap of $2,270.00, a P/E ratio of 13.90 and a beta of 0.15.

In other Peyto Exploration & Development news, insider Scott Robinson sold 30,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of C$14.33, for a total value of C$429,900.00. Also, Director Stephen Jonathan Chetner sold 10,000 shares of the stock in a transaction dated Tuesday, October 17th. The shares were 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 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.

Analyst Recommendations for Peyto Exploration & Development (TSE:PEY)

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