Peyto Exploration & Development (TSE:PEY) Price Target Raised to C$17.00

Peyto Exploration & Development (TSE:PEY) had its target price hoisted by Desjardins from C$16.50 to C$17.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

PEY has been the topic of several other research reports. CIBC lifted their price objective on Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. BMO Capital Markets boosted their price target on Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. Finally, TD Securities boosted their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$18.67.

Peyto Exploration & Development Stock Up 1.0 %

PEY opened at C$16.43 on Thursday. The company has a market cap of C$3.26 billion, a P/E ratio of 11.08, a P/E/G ratio of -0.46 and a beta of 1.75. The business’s 50-day moving average price is C$16.20 and its 200-day moving average price is C$15.76. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. Peyto Exploration & Development has a 12 month low of C$13.40 and a 12 month high of C$17.57.

Insider Buying and Selling at Peyto Exploration & Development

In other news, Director Stephen Jonathan Chetner sold 4,797 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$15.82, for a total value of C$75,907.73. Also, Senior Officer Derick Nathan Czember sold 62,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of C$16.18, for a total value of C$1,002,936.80. In the last three months, insiders have bought 25,750 shares of company stock valued at $411,718 and have sold 208,306 shares valued at $3,478,583. Insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.