Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Peyto Exploration & Development Corp. (TSE:PEY) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$26.64.

Several analysts have recently commented on the stock. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. National Bank Financial upped their price target on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Desjardins raised their price objective on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th.

Insider Buying and Selling

In other news, insider Riley Millar Frame sold 36,000 shares of the firm’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$26.32, for a total value of C$947,520.00. Following the completion of the transaction, the insider owned 138,452 shares in the company, valued at C$3,644,056.64. This trade represents a 20.64% decrease in their ownership of the stock. Also, Director Jean-Paul Henri Lachance sold 46,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$25.60, for a total transaction of C$1,177,600.00. Following the completion of the sale, the director owned 534,813 shares in the company, valued at C$13,691,212.80. This represents a 7.92% decrease in their ownership of the stock. In the last 90 days, insiders bought 10,300 shares of company stock valued at $245,358 and sold 331,542 shares valued at $8,414,041. 2.36% of the stock is currently owned by corporate insiders.

Peyto Exploration & Development Stock Performance

TSE PEY traded up C$0.46 on Wednesday, reaching C$24.75. The stock had a trading volume of 465,950 shares, compared to its average volume of 951,334. The stock has a market cap of C$5.07 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of -0.46 and a beta of -0.50. Peyto Exploration & Development has a 12-month low of C$17.92 and a 12-month high of C$29.22. The business’s 50-day moving average price is C$25.21 and its 200 day moving average price is C$25.14. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. The firm had revenue of C$426.40 million during the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%.

About Peyto Exploration & Development

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.