Peyto Exploration & Dev (PEY) Receives a Buy from GMP FirstEnergy


Peyto Exploration & Dev (PEY), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. The company received a Buy rating from GMP FirstEnergy’s analyst Robert Fitzmartyn, with a C$6.50 price target.

According to TipRanks.com, Fitzmartyn ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -25.4% and a 13.1% success rate. Fitzmartyn covers the Basic Materials sector, focusing on stocks such as Birchcliff Energy Ltd, Kelt Exploration Ltd, and Crew Energy Inc.

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Currently, the analyst consensus on Peyto Exploration & Dev is a Moderate Buy with an average price target of C$7.45.

Peyto Exploration & Dev’s market cap is currently C$641.4M and has a P/E ratio of 6.1. The company has a Price to Book ratio of 0.39.

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 Friday at C$3.90, close to its 52-week low of C$3.78.

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