Peyto Exploration & Development (TSE:PEY – Get Free Report) had its price objective increased by analysts at National Bankshares from C$18.00 to C$18.50 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 23.75% from the company’s previous close.
Other research analysts have also issued reports about the company. CIBC reduced their price target on Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. TD Securities upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 21st. Finally, Scotiabank upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$16.86.
Read Our Latest Stock Report on Peyto Exploration & Development
Peyto Exploration & Development Stock Up 2.0 %
Peyto Exploration & Development (TSE:PEY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.01). The business had revenue of C$256.55 million during the quarter, compared to analysts’ expectations of C$257.10 million. Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%. Equities research analysts forecast that Peyto Exploration & Development will post 2.5599315 earnings per share for the current year.
Insider Transactions at Peyto Exploration & Development
In other Peyto Exploration & Development news, Senior Officer Todd Burdick sold 57,810 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$14.41, for a total transaction of C$832,845.55. In other Peyto Exploration & Development news, Senior Officer Todd Burdick sold 57,810 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$14.41, for a total transaction of C$832,845.55. Also, Director Jean-Paul Henri Lachance acquired 10,000 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were acquired at an average price of C$14.60 per share, with a total value of C$146,000.00. Over the last ninety days, insiders purchased 41,775 shares of company stock worth $608,667 and sold 267,641 shares worth $3,893,311. Insiders own 2.37% of the company’s stock.
About Peyto Exploration & Development
Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.
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