Peyto Exploration & Development (TSE:PEY) Lowered to Hold Rating by TD Securities

Peyto Exploration & Development (TSE:PEY) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a note issued to investors on Friday,BayStreet.CA reports. They currently have a C$25.00 target price on the stock. TD Securities’ target price would indicate a potential downside of 3.81% from the company’s current price.

Several other equities research analysts also recently commented on PEY. Royal Bank Of Canada lifted their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday. Desjardins raised shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating and raised their price target for the company from C$23.50 to C$24.50 in a report on Monday, November 24th. Canaccord Genuity Group boosted their price objective on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. Canadian Imperial Bank of Commerce upgraded shares of Peyto Exploration & Development from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$21.00 to C$25.00 in a research report on Tuesday, January 13th. Finally, Scotiabank lifted their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.90.

Peyto Exploration & Development Stock Down 2.9%

Shares of Peyto Exploration & Development stock traded down C$0.78 on Friday, reaching C$25.99. The company’s stock had a trading volume of 928,221 shares, compared to its average volume of 1,088,352. Peyto Exploration & Development has a 52 week low of C$14.60 and a 52 week high of C$27.19. The firm’s fifty day simple moving average is C$23.66 and its two-hundred day simple moving average is C$21.18. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. The company has a market capitalization of C$5.25 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of -0.46 and a beta of -0.21.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, insider Todd Burdick sold 52,000 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of C$22.21, for a total value of C$1,154,920.00. Following the completion of the sale, the insider owned 208,206 shares in the company, valued at C$4,624,255.26. This represents a 19.98% decrease in their ownership of the stock. Also, insider Riley Millar Frame acquired 11,500 shares of the stock in a transaction dated Monday, December 15th. The shares were bought at an average cost of C$22.78 per share, for a total transaction of C$261,970.00. Following the completion of the transaction, the insider owned 128,877 shares in the company, valued at approximately C$2,935,818.06. This represents a 9.80% increase in their ownership of the stock. Insiders have sold a total of 175,000 shares of company stock valued at $3,870,120 in the last ninety days. 2.36% of the stock is currently owned by company 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.