The stock of Peyto Exploration & Development Corp (TSE:PEY) is a huge mover today! About 50,958 shares traded hands. Peyto Exploration & Development Corp (TSE:PEY) has risen 15.37% since April 8, 2016 and is uptrending. It has outperformed by 10.39% the S&P500.
The move comes after 8 months positive chart setup for the $5.39B company. It was reported on Nov, 14 by Barchart.com. We have $50.90 PT which if reached, will make TSE:PEY worth $2.80 billion more.
Peyto Exploration & Development Corp (TSE:PEY) Ratings Coverage
Out of 12 analysts covering Peyto Exploration & Development (TSE:PEY), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. $46 is the highest target while $30 is the lowest. The $39.72 average target is 18.60% above today’s ($33.49) stock price. Peyto Exploration & Development has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Outperform” rating and $40 target price in Friday, June 3 report. As per Tuesday, June 28, the company rating was maintained by Desjardins Securities. Desjardins Securities maintained the stock with “Hold” rating in Monday, August 15 report. IBC initiated it with “Sector Perform” rating and $37.50 target price in Wednesday, June 15 report. The stock of Peyto Exploration & Development Corp (TSE:PEY) has “” rating given on Monday, June 6 by Raymond James. As per Friday, April 29, the company rating was downgraded by National Bank Canada.
More notable recent Peyto Exploration & Development Corp (TSE:PEY) news were published by: Marketwired.com which released: “Peyto Exploration & Development Corp. Announces Closing of Private Placement …” on October 24, 2016, also Marketwired.com with their article: “Peyto Exploration & Development Corp. Confirms Dividends for December 15, 2015” published on November 13, 2015, Marketwired.com published: “Peyto Exploration & Development Corp. Announces Closing of $172.5 Million …” on May 18, 2016. More interesting news about Peyto Exploration & Development Corp (TSE:PEY) were released by: Theglobeandmail.com and their article: “The Globe and Mail” published on January 07, 2011 as well as Seekingalpha.com‘s news article titled: “Peyto Exploration & Development’s (PEYUF) CEO Darren Gee on Q3 2016 Results …” with publication date: November 11, 2016.
Peyto Exploration & Development Corp. is a Canada energy company. The company has a market cap of $5.39 billion. The Firm is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. It has a 45.79 P/E ratio. The Company’s portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.
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