Peyto Exploration & Development (TSE:PEY) Given New C$18.50 Price Target at BMO Capital Markets

Peyto Exploration & Development (TSE:PEY) had its price objective boosted by BMO Capital Markets from C$17.50 to C$18.50 in a research note released on Tuesday morning,BayStreet.CA reports.

PEY has been the subject of several other research reports. Atlantic Securities boosted their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, October 7th. TD Securities lowered their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Finally, National Bankshares raised their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Buy” and a consensus price target of C$17.80.

Peyto Exploration & Development Trading Down 3.4 %

TSE PEY opened at C$16.39 on Tuesday. The firm has a market cap of C$3.20 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 1-year low of C$12.41 and a 1-year high of C$17.57. The stock has a 50-day moving average of C$16.39 and a 200-day moving average of C$15.34. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02.

Insiders Place Their Bets

In other news, Senior Officer Tavis Aaron Carlson purchased 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of C$15.38 per share, for a total transaction of C$50,754.00. Also, Director Stephen Jonathan Chetner acquired 4,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was purchased at an average price of C$15.31 per share, with a total value of C$61,244.00. In the last ninety days, insiders purchased 20,860 shares of company stock worth $328,142 and sold 290,562 shares worth $4,840,746. Company insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.