Could Peyto Exploration & Development Corp Recover After Today’s Huge Decline?

 Could Peyto Exploration & Development Corp Recover After Today's Huge Decline?

The stock of Peyto Exploration & Development Corp (TSE:PEY) is a huge mover today! About 99,524 shares traded hands. Peyto Exploration & Development Corp (TSE:PEY) has risen 5.70% since April 22, 2016 and is uptrending. It has underperformed by 0.32% the S&P500.
The move comes after 6 months negative chart setup for the $5.50 billion company. It was reported on Nov, 28 by Barchart.com. We have $31.64 PT which if reached, will make TSE:PEY worth $385.00 million less.

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 16.75% above today’s ($34.02) stock price. Peyto Exploration & Development has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Peyto Exploration & Development Corp (TSE:PEY) has “Sector Perform” rating given on Friday, April 29 by National Bank Canada. The firm has “” rating by Desjardins Securities given on Tuesday, June 28. The rating was maintained by Raymond James with “” on Monday, June 6. The rating was maintained by Desjardins Securities with “Hold” on Monday, August 15. On Friday, June 3 the stock rating was maintained by Scotia Capital with “Outperform”. IBC initiated Peyto Exploration & Development Corp (TSE:PEY) rating on Wednesday, June 15. IBC has “Sector Perform” rating and $37.50 price target.

More important 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 published article titled: “Peyto Exploration & Development Corp. Confirms Dividends for Fourth Quarter 2016”, 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) was released by: Marketwired.com and their article: “Peyto Exploration & Development Corp. Confirms Dividends for December 15, 2015” with publication date: November 13, 2015.

Peyto Exploration & Development Corp is a Canada energy company. The company has a market cap of $5.50 billion. The Firm is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. It has a 46.51 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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