Peyto Exploration & Development (TSE:PEY) had its price target lowered by Canaccord Genuity from C$16.00 to C$12.00 in a research note published on Thursday morning.
PEY has been the subject of a number of other research reports. GMP Securities cut shares of Peyto Exploration & Development from a buy rating to a hold rating and dropped their price objective for the company from C$13.50 to C$10.50 in a research note on Thursday, December 13th. Royal Bank of Canada cut shares of Peyto Exploration & Development from an outperform rating to a sector perform rating and dropped their price objective for the company from C$12.00 to C$9.00 in a research note on Monday. Raymond James increased their price objective on shares of Peyto Exploration & Development from C$15.75 to C$16.25 and gave the company an outperform rating in a research note on Thursday, November 8th. TD Securities cut shares of Peyto Exploration & Development from a buy rating to a hold rating and set a C$12.00 price objective for the company. in a research note on Thursday, November 8th. Finally, National Bank Financial restated an outperform rating and issued a C$11.00 price objective on shares of Peyto Exploration & Development in a research note on Monday, December 10th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of C$12.78.
Shares of PEY stock traded down C$0.08 during mid-day trading on Thursday, reaching C$7.79. The company’s stock had a trading volume of 569,944 shares, compared to its average volume of 838,119. Peyto Exploration & Development has a 1-year low of C$6.59 and a 1-year high of C$14.74. The company has a debt-to-equity ratio of 70.43, a quick ratio of 0.34 and a current ratio of 0.49.
Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings data on Wednesday, November 7th. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$147.19 million during the quarter. Sell-side analysts expect that Peyto Exploration & Development will post 0.619999977187912 earnings per share for the current year.
In other news, insider Scott Robinson sold 40,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of C$9.35, for a total value of C$374,000.00. Also, insider Kathy Turgeon sold 3,400 shares of the company’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of C$11.54, for a total transaction of C$39,236.00. In the last ninety days, insiders sold 93,400 shares of company stock worth $935,036.
About Peyto Exploration & Development
Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Canada. The company's oil and gas properties are located in the Alberta's Deep Basin. As of December 31, 2017, it had a total proved plus probable reserves of 722 million barrels of oil equivalent.
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