Shares of Peyto Exploration & Dev (PEY) were revisited by a Wall Street analyst on February 21. Analyst Robert Fitzmartyn from GMP FirstEnergy rated Peyto Exploration & Dev (PEY) a Hold on February 21, setting a C$9 price target.
According to TipRanks.com, Fitzmartyn is ranked #4999 out of 5194 analysts.
Currently, the analyst consensus on Peyto Exploration & Dev is a Hold with an average price target of C$9.44, which is a 24.0% upside from current levels. In a report issued on February 19, Raymond James also maintained a Hold rating on the stock with a C$7.50 price target.
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Based on Peyto Exploration & Dev’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$29.51 million. In comparison, last year the company had a net profit of C$51.55 million.
Peyto Exploration & Development Corp. operates as an energy company. It engages in the acquisition, exploration, development, and production of oil and natural gas. Its portfolio includes exploration, exploitation and development opportunities located in the Deep Basin of Alberta.
The company’s shares closed on Friday at C$7.61.
