Peyto Exploration & Development (TSE:PEY) had its price objective trimmed by GMP Securities from C$9.50 to C$6.50 in a research report report published on Friday, June 28th, BayStreet.CA reports.
PEY has been the subject of several other reports. Raymond James set a $31.00 price objective on Mylan and gave the stock a buy rating in a research note on Wednesday, May 8th. TD Securities downgraded Tricon Capital Group from an action list buy rating to a buy rating and reduced their price objective for the stock from C$14.50 to C$13.50 in a research note on Thursday, May 9th. BMO Capital Markets reissued a hold rating and issued a $9.50 price objective on shares of Vicon Industries in a research note on Friday, June 14th. Eight Capital set a C$6.00 target price on Peyto Exploration & Development in a research report on Wednesday, May 8th. Finally, National Bank Financial dropped their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Peyto Exploration & Development currently has a consensus rating of Hold and a consensus target price of C$6.90.
Shares of TSE PEY traded up C$0.04 during mid-day trading on Friday, hitting C$4.16. 932,900 shares of the company traded hands, compared to its average volume of 936,865. Peyto Exploration & Development has a 1 year low of C$3.71 and a 1 year high of C$12.44. The firm has a market cap of $685.88 million and a PE ratio of 6.45. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 72.53. The business’s 50 day moving average is C$4.10.
In other Peyto Exploration & Development news, Director Michael Macbean sold 17,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$3.94, for a total value of C$66,980.00. Following the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at approximately C$13,790.
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 Deep Basin, Alberta. As of December 31, 2018, it had a total proved plus probable reserves of 803 million barrels of oil equivalent.
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