RBC Capital analyst Michael Harvey maintained a Hold rating on Peyto Exploration & Dev (PEY – Research Report) yesterday and set a price target of C$17.00. The company’s shares closed yesterday at C$15.29.
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Harvey covers the Energy sector, focusing on stocks such as Veren, Whitecap Resources, and Tamarack Valley Energy. According to TipRanks, Harvey has an average return of 15.5% and a 54.83% success rate on recommended stocks.
Peyto Exploration & Dev has an analyst consensus of Hold, with a price target consensus of C$17.00.
PEY market cap is currently C$3.12B and has a P/E ratio of 10.19.
Based on the recent corporate insider activity of 115 insiders, corporate insider sentiment is neutral on the stock.
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Peyto Exploration & Dev (PEY) Company Description:
Peyto Exploration & Development is a Canadian energy company involved in the development and production of natural gas in Alberta’s deep basin. Production averaged 81 thousand barrels of oil equivalent per day in 2019, weighted approximately 87% to natural gas and 13% to natural gas liquids and oil. The company estimates that it holds approximately 590 million boe of proved and probable hydrocarbon reserves.
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