Analysts Set Peyto Exploration & Development Corp. (TSE:PEY) Target Price at C$26.64

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, 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 twelve-month price objective among brokers that have issued a report on the stock in the last year is C$26.64.

Several brokerages have weighed in on PEY. National Bank Financial increased their target price on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th.

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 2,229 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$25.18, for a total value of C$56,126.22. Following the completion of the transaction, the director owned 97,805 shares in the company, valued at approximately C$2,462,729.90. This represents a 2.23% decrease in their position. Also, insider Lee Russell Curran sold 28,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$25.45, for a total transaction of C$712,600.00. Following the completion of the sale, the insider owned 436,270 shares in the company, valued at C$11,103,071.50. The trade was a 6.03% decrease in their position. Insiders sold a total of 214,729 shares of company stock worth $5,296,036 over the last 90 days. Corporate insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Stock Performance

Shares of PEY stock opened at C$23.57 on Monday. The company has a market cap of C$4.83 billion, a P/E ratio of 9.86, a PEG ratio of -0.46 and a beta of -0.48. The business has a 50 day moving average of C$24.94 and a two-hundred day moving average of C$25.40. Peyto Exploration & Development has a 52 week low of C$18.01 and a 52 week high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 1.63 and a debt-to-equity ratio of 34.98.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.50 earnings per share (EPS) for the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.The business had revenue of C$340.45 million for the quarter.

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.