Peyto Exploration & Dev (PEY) Receives a Hold from Raymond James


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 Raymond James’ analyst Kurt Molnar, with a C$7.50 price target.

According to TipRanks.com, Molnar has 0 stars on 0-5 star ranking scale with an average return of -22.2% and a 15.9% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Birchcliff Energy Ltd, and Bonterra Energy Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for Peyto Exploration & Dev with a C$9.05 average price target.

The company has a one-year high of C$12.44 and a one-year low of C$5.59. Currently, Peyto Exploration & Dev has an average volume of 754.7K.

Peyto Exploration & Development Corp. operates as an oil and natural gas exploration and development company. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta. The company was founded by Richard F. Braund and Donald T. Gray in 1998 and is headquartered in Calgary, Canada.

The company’s shares closed on Wednesday at C$5.78, close to its 52-week low of C$5.59.

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