Peyto Exploration & Dev (TSE:PEY) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, March 12th. They presently have a C$12.00 price objective on the stock, down from their previous price objective of C$15.00. BMO Capital Markets’ target price suggests a potential upside of 3.81% from the stock’s current price.
A number of other analysts have also commented on PEY. TD Securities dropped their price target on Peyto Exploration & Dev from C$21.00 to C$19.50 and set a “buy” rating for the company in a research note on Tuesday, January 9th. Raymond James Financial dropped their price target on Peyto Exploration & Dev from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, January 15th. CSFB dropped their price target on Peyto Exploration & Dev from C$16.00 to C$14.00 in a research note on Friday, January 12th. Scotiabank lowered Peyto Exploration & Dev from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$22.50 to C$17.50 in a research note on Monday, January 15th. Finally, Eight Capital dropped their price target on Peyto Exploration & Dev from C$16.25 to C$15.15 in a research note on Friday, January 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$14.82.
Shares of TSE:PEY traded up C$0.01 during trading on Monday, reaching C$11.56. 1,036,372 shares of the company traded hands, compared to its average volume of 1,159,196. Peyto Exploration & Dev has a 52-week low of C$9.83 and a 52-week high of C$27.72.
In other news, Director Stephen Jonathan Chetner sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of C$12.80, for a total transaction of C$320,000.00. Also, insider Scott Robinson sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of C$12.00, for a total value of C$240,000.00. In the last quarter, insiders sold 105,000 shares of company stock valued at $1,214,000.
Peyto Exploration & Dev Company Profile
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, 2016, it had a total proved plus probable reserves of 655 million barrels of oil equivalent.
Receive News & Ratings for Peyto Exploration & Dev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peyto Exploration & Dev and related companies with MarketBeat.com's FREE daily email newsletter.