Peyto Exploration & Development (PEY) Trading Up 0.8%

Peyto Exploration & Development Corp (TSE:PEY) was up 0.8% during mid-day trading on Friday . The stock traded as high as C$13.63 and last traded at C$13.19. Approximately 1,417,288 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 1,289,599 shares. The stock had previously closed at C$13.09.

Several equities research analysts have recently issued reports on PEY shares. TD Securities raised their price target on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Barclays lowered their price target on Peyto Exploration & Development from C$26.00 to C$19.00 in a research report on Monday, October 30th. BMO Capital Markets downgraded Peyto Exploration & Development from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$30.00 to C$23.00 in a research report on Tuesday, October 10th. National Bank Financial lowered their price target on Peyto Exploration & Development from C$29.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Finally, Royal Bank of Canada lowered their price target on Peyto Exploration & Development from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$21.97.

The company has a market capitalization of $2,300.00, a PE ratio of 13.32 and a beta of 0.15.

In other Peyto Exploration & Development news, Director Brian Davis purchased 1,800 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average price of C$14.42 per share, for a total transaction of C$25,956.00. Also, insider Scott Robinson sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$14.33, for a total transaction of C$429,900.00.

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About Peyto Exploration & Development

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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