Peyto Exploration & Development Corp (TSE:PEY)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$3.67 and last traded at C$3.71, with a volume of 362760 shares changing hands. The stock had previously closed at C$3.76.

A number of research analysts recently issued reports on the company. Eight Capital set a C$6.00 price target on Peyto Exploration & Development in a report on Wednesday, May 8th. CIBC cut their price target on Peyto Exploration & Development from C$10.00 to C$6.00 in a report on Wednesday, June 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $7.50 price target on shares of in a report on Tuesday, July 9th. National Bank Financial cut their price target on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Raymond James set a $31.00 price target on Mylan and gave the company a “buy” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$6.90.

The business has a 50-day moving average price of C$4.03. The company has a debt-to-equity ratio of 72.53, a current ratio of 1.23 and a quick ratio of 0.88. The stock has a market cap of $619.93 million and a PE ratio of 5.74.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.15 EPS for the quarter. The firm had revenue of C$151.66 million during the quarter. As a group, analysts predict that Peyto Exploration & Development Corp will post 0.23 EPS for the current year.

In related news, Director Michael Macbean sold 17,000 shares of Peyto Exploration & Development stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$3.94, for a total value of C$66,980.00. Following the completion of the sale, the director now directly owns 3,500 shares in the company, valued at C$13,790.

Peyto Exploration & Development Company Profile (TSE:PEY)

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin, Alberta. As of December 31, 2018, it had a total proved plus probable reserves of 803 million barrels of oil equivalent.

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