Analysis: Peyto Exploration & Development (TSE:PEY) Upside Target Change Today
In recent note issued by National Bank Financial on 3 December, the firm, Peyto Exploration & Development (TSE:PEY), had their target downgraded to $37.00. Analusts at present have a solid “Outperform” rating on the stock.
Approximately 523,243 shares of stock traded hands or 4.83% up from the average. Peyto Exploration & Development Corp (TSE:PEY) has declined 23.87% since April 30, 2015 and is downtrending. It has underperformed by 23.58% the S&P500.
Peyto Exploration and Development Corp, formerly Peyto Exploration & Development Corp. is a Canada energy company. The company has a market cap of $4.12 billion. The Firm is engaged in the acquisition, exploration, development and production of oil and natural gas in Western Canada. It has 24.74 P/E ratio. Peyto’s wells, gas plants, gathering and sales pipelines exist in a corridor about 200 kilometers long and 30 kilometers wide right by the foothills of the Rockies halfway between the Northwest Territories and the United States.