Could Peyto Exploration & Development Corp Change Direction After Today’s Huge Increase?

 Could Peyto Exploration & Development Corp Change Direction After Today's Huge Increase?

The stock of Peyto Exploration & Development Corp (TSE:PEY) is a huge mover today! About 135,372 shares traded hands. Peyto Exploration & Development Corp (TSE:PEY) has declined 1.01% since April 26, 2016 and is downtrending. It has underperformed by 6.24% the S&P500.
The move comes after 6 months positive chart setup for the $5.38 billion company. It was reported on Nov, 30 by Barchart.com. We have $35.07 PT which if reached, will make TSE:PEY worth $161.40 million 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 16.65% above today’s ($34.05) stock price. Peyto Exploration & Development has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained the shares of PEY in a report on Tuesday, June 28 with “” rating. The firm earned “Hold” rating on Monday, August 15 by Desjardins Securities. The stock of Peyto Exploration & Development Corp (TSE:PEY) has “Sector Perform” rating given on Friday, April 29 by National Bank Canada. Raymond James maintained it with “” rating and $41 target price in Monday, June 6 report. On Friday, June 3 the stock rating was maintained by Scotia Capital with “Outperform”. The company was initiated on Wednesday, June 15 by IBC.

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 $5.38 billion. The Firm is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. It has a 46.55 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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