Peyto Exploration & Development Corp. (TSE:PEY) Receives C$18.67 Consensus Target Price from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has received an average rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$18.78.

A number of research analysts have weighed in on PEY shares. TD Securities increased their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. CIBC increased their target price on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. BMO Capital Markets raised shares of Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$18.50 to C$19.50 in a research note on Monday, March 24th. Finally, Desjardins raised their target price on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “hold” rating in a research report on Thursday, March 13th.

Peyto Exploration & Development Stock Performance

Shares of PEY opened at C$18.10 on Monday. Peyto Exploration & Development has a 1 year low of C$13.40 and a 1 year high of C$18.58. The company’s 50 day simple moving average is C$16.33 and its 200 day simple moving average is C$16.00. The company has a market capitalization of C$3.59 billion, a price-to-earnings ratio of 12.20, a PEG ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28.

Insider Buying and Selling

In other Peyto Exploration & Development news, Senior Officer Lee Russell Curran sold 25,797 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of C$16.09, for a total value of C$415,078.89. Also, Director Jean-Paul Henri Lachance bought 5,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of C$15.85 per share, with a total value of C$79,250.00. In the last quarter, insiders acquired 12,150 shares of company stock valued at $196,654 and sold 203,509 shares valued at $3,402,675. Corporate insiders own 2.36% of the company’s stock.

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.