TD Securities Boosts Peyto Exploration & Development (TSE:PEY) Price Target to C$2.75

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Peyto Exploration & Development (TSE:PEY) had its price objective boosted by TD Securities from C$1.75 to C$2.75 in a research report released on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages have also recently weighed in on PEY. Canaccord Genuity cut their price objective on shares of Peyto Exploration & Development from C$2.75 to C$2.50 in a report on Friday, July 10th. CIBC upped their price target on Peyto Exploration & Development from C$2.50 to C$3.00 in a research note on Thursday, July 16th. Stifel Firstegy raised Peyto Exploration & Development from a hold rating to a buy rating in a research report on Wednesday, May 13th. Raymond James set a C$2.25 target price on Peyto Exploration & Development and gave the stock a market perform rating in a report on Monday. Finally, Tudor Pickering & Holt set a C$3.00 target price on Peyto Exploration & Development and gave the stock a hold rating in a research note on Tuesday, June 30th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Peyto Exploration & Development presently has a consensus rating of Hold and a consensus price target of C$2.95.

TSE:PEY opened at C$3.16 on Monday. The firm’s 50-day moving average price is C$2.19 and its 200-day moving average price is C$2.18. The company has a market capitalization of $361.07 million and a PE ratio of 12.74. The company has a debt-to-equity ratio of 69.39, a current ratio of 0.64 and a quick ratio of 0.49. Peyto Exploration & Development has a 1-year low of C$0.91 and a 1-year high of C$4.34.

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

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