Peyto Exploration & Development (OTCMKTS:PEYUF) PT Lowered to C$16.00 at Desjardins

Peyto Exploration & Development (OTCMKTS:PEYUF – Get Rating) had its price objective cut by equities research analysts at Desjardins from C$17.00 to C$16.00 in a note issued to investors on Monday, The Fly reports.

Several other equities research analysts have also issued reports on the stock. National Bank Financial raised their target price on shares of Peyto Exploration & Development from C$17.00 to C$18.50 in a report on Wednesday, January 11th. Stifel Nicolaus assumed coverage on shares of Peyto Exploration & Development in a research note on Thursday, January 12th. They issued a “buy” rating on the stock. Raymond James downgraded shares of Peyto Exploration & Development from an “outperform” rating to a “market perform” rating in a research note on Monday, January 16th. Finally, Scotiabank reduced their price target on shares of Peyto Exploration & Development from C$26.00 to C$24.00 in a research note on Tuesday, January 17th.

Peyto Exploration & Development Stock Performance

Peyto Exploration & Development stock opened at $8.73 on Monday. The firm has a 50-day moving average price of $9.18 and a 200-day moving average price of $9.43. Peyto Exploration & Development has a 12-month low of $7.05 and a 12-month high of $14.27.

Peyto Exploration & Development Company Profile

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Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas. Its operations include deep basin, field activity, marketing, and reserves. The company was founded by Richard F. Braund and Donald T. Gray in 1998 and is headquartered in Calgary, Canada.