Peyto Exploration & Development Corp. (TSE:PEY) Receives C$23.30 Consensus Target Price from Analysts

Peyto Exploration & Development Corp. (TSE:PEY) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$23.90.

A number of analysts have recently commented on PEY shares. Scotiabank lifted their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. TD Securities lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective for the company. in a report on Friday. Royal Bank Of Canada lifted their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Friday. Canadian Imperial Bank of Commerce upgraded shares of Peyto Exploration & Development from a “hold” rating to an “outperform” rating and upped their price target for the company from C$21.00 to C$25.00 in a research report on Tuesday, January 13th. Finally, Canaccord Genuity Group lifted their price target on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th.

Peyto Exploration & Development Stock Performance

TSE PEY opened at C$25.76 on Tuesday. The firm’s fifty day moving average price is C$23.77 and its two-hundred day moving average price is C$21.31. The stock has a market cap of C$5.20 billion, a PE ratio of 14.00, a PEG ratio of -0.46 and a beta of -0.21. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. Peyto Exploration & Development has a fifty-two week low of C$14.60 and a fifty-two week high of C$27.19.

Insider Activity

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 74,000 shares of the company’s stock in a transaction dated Thursday, November 27th. The stock was sold at an average price of C$22.00, for a total value of C$1,628,000.00. Following the sale, the director owned 501,731 shares in the company, valued at approximately C$11,038,082. The trade was a 12.85% decrease in their position. Also, insider Riley Millar Frame purchased 11,500 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was bought at an average cost of C$22.78 per share, with a total value of C$261,970.00. Following the purchase, the insider owned 128,877 shares of the company’s stock, valued at approximately C$2,935,818.06. This trade represents a 9.80% increase in their position. 2.36% of the stock is currently owned by insiders.

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.