Peyto Exploration & Dev (TSX: PEY), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Anthony Petrucci from Canaccord Genuity reiterated a Buy rating, with a C$16 price target.
According to TipRanks.com, Petrucci has 0 stars on 0-5 star ranking scale with an average return of -3.0% and a 35.3% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Crescent Point Energy, and Bellatrix Exploration.
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Peyto Exploration & Dev has an analyst consensus of Moderate Buy, with a price target consensus of C$13.75, representing an 11.7% upside. In a report issued on October 5, Raymond James also maintained a Buy rating on the stock with a C$15.75 price target.
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Based on Peyto Exploration & Dev’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$30.4 million. In comparison, last year the company had a net profit of C$44.82 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 Tuesday at C$12.31.
