Peyto Exploration & Dev (PEY) Price Target Raised to C$12.50

Peyto Exploration & Dev (TSE:PEY) had its price target boosted by CIBC from C$12.00 to C$12.50 in a research report sent to investors on Tuesday.

PEY has been the topic of several other research reports. National Bank Financial boosted their target price on Peyto Exploration & Dev from C$16.00 to C$17.00 and gave the stock an outperform rating in a research report on Monday, January 15th. TD Securities dropped their target price on Peyto Exploration & Dev from C$19.50 to C$18.00 and set a buy rating on the stock in a research report on Monday, January 15th. Eight Capital lowered their price target on Peyto Exploration & Dev from C$16.25 to C$15.15 in a report on Friday, January 12th. Raymond James Financial lowered their price target on Peyto Exploration & Dev from C$20.00 to C$19.00 and set an outperform rating on the stock in a report on Monday, January 15th. Finally, BMO Capital Markets upgraded Peyto Exploration & Dev from a market perform rating to an outperform rating and upped their price target for the stock from C$15.00 to C$16.00 in a report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Peyto Exploration & Dev presently has an average rating of Buy and a consensus price target of C$15.02.

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Peyto Exploration & Dev (TSE:PEY) opened at C$10.52 on Tuesday. Peyto Exploration & Dev has a 52-week low of C$9.83 and a 52-week high of C$28.68. The stock has a market capitalization of $1,650.00, a P/E ratio of 9.83 and a beta of -0.02.

Peyto Exploration & Dev (TSE:PEY) last released its earnings results on Wednesday, February 28th. The company reported C$0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.26 by C$0.05. Peyto Exploration & Dev had a return on equity of 10.84% and a net margin of 30.65%. The company had revenue of C$211.80 million for the quarter.

In related news, insider Scott Robinson sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of C$10.09, for a total value of C$403,600.00. Also, Director Stephen Jonathan Chetner sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of C$12.80, for a total value of C$320,000.00. In the last 90 days, insiders sold 105,000 shares of company stock worth $1,214,000.

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Peyto Exploration & Dev Company Profile

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Canada. The company's oil and gas properties are located in the Alberta's Deep Basin. As of December 31, 2016, it had a total proved plus probable reserves of 655 million barrels of oil equivalent.

Analyst Recommendations for Peyto Exploration & Dev (TSE:PEY)

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