Peyto Exploration & Development Corp. (TSE:PEY) Receives C$18.67 Average PT from Analysts

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have received a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$18.78.

PEY has been the topic of several recent research reports. CIBC boosted their target price on Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. Desjardins upped their target price on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a “hold” rating in a report on Thursday, March 13th. TD Securities lifted their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, BMO Capital Markets raised shares of Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$18.50 to C$19.50 in a report on Monday.

Insider Buying and Selling

In related news, Senior Officer Tavis Aaron Carlson bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of C$17.17 per share, for a total transaction of C$34,340.00. Also, Senior Officer Todd Burdick sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of C$17.16, for a total value of C$411,888.00. In the last ninety days, insiders acquired 14,150 shares of company stock valued at $230,994 and sold 203,509 shares valued at $3,402,675. Corporate insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at C$18.35 on Monday. The company has a fifty day simple moving average of C$16.26 and a 200-day simple moving average of C$15.92. The firm has a market capitalization of C$3.64 billion, a price-to-earnings ratio of 12.37, a PEG ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. Peyto Exploration & Development has a 52-week low of C$13.40 and a 52-week high of C$18.58.

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.