Peyto Exploration & Dev (PEY), the Materials sector company, has received a rating update from a Wall Street analyst today. The company received a Hold rating from GMP FirstEnergy’s analyst Michael Dunn, with a C$8.75 price target.
According to TipRanks.com, Dunn ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -13.2% and a 30.1% success rate. Dunn covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, PrairieSky Royalty Ltd, and Crescent Point Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for Peyto Exploration & Dev with a C$9.68 average price target, which is a 36.4% upside from current levels. In a report issued on January 7, RBC Capital also downgraded the stock to Hold with a C$9 price target.
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The company has a one-year high of C$14.07 and a one-year low of C$6.59. Currently, Peyto Exploration & Dev has an average volume of 1.13M.
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$7.10, close to its 52-week low of C$6.59.
