BMO Capital analyst Randy Ollenberger upgraded Peyto Exploration (PEYUF) to Outperform from Market Perform with a price target of C$19.50, up from C$18.50. Peyto’s hedging program and “peer-leading” cost structure has allowed it to fund its capital program, reduce debt, and maintain its “healthy” dividend despite ongoing weakness in western Canada natural gas prices, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEYUF:
- Peyto Confirms April 2025 Dividend Payment
- Peyto Exploration’s Strong Earnings Call Highlights
- Hold Rating on Peyto Exploration & Dev: Balancing Financial Stability with Limited Growth Prospects
- Peyto Reports Strong 2024 Results Amid Strategic Hedging Success
- PEY Earnings this Week: How Will it Perform?
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue