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

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have earned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$18.78.

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

Insider Activity

In related news, Director Jean-Paul Henri Lachance purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of C$15.85 per share, with a total value of C$79,250.00. Also, Senior Officer Lee Russell Curran sold 25,797 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of C$16.09, for a total transaction of C$415,078.89. In the last ninety days, insiders have acquired 14,150 shares of company stock worth $230,994 and have sold 203,509 shares worth $3,402,675. Insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Price Performance

Shares of TSE PEY opened at C$18.35 on Monday. Peyto Exploration & Development has a 52 week low of C$13.40 and a 52 week high of C$18.58. 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 firm has a market cap of C$3.64 billion, a P/E ratio of 12.37, a P/E/G ratio of -0.46 and a beta of 1.75. The business’s 50 day moving average price is C$16.26 and its 200 day moving average price is C$15.92.

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.