Peyto Exploration & Development (TSE:PEY) PT Set at C$22.00 by Raymond James

Peyto Exploration & Development (TSE:PEY) received a C$22.00 price objective from Raymond James in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 35.55% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. 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 report on Thursday, March 13th. BMO Capital Markets upgraded Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$18.50 to C$19.50 in a research note on Monday, March 24th. TD Securities increased their target price on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, CIBC boosted their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$19.10.

Peyto Exploration & Development Stock Up 6.1 %

Shares of TSE:PEY opened at C$16.23 on Tuesday. Peyto Exploration & Development has a 1-year low of C$13.40 and a 1-year high of C$18.58. The company’s fifty day moving average is C$16.45 and its two-hundred day moving average is C$16.17. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. The stock has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Insider Buying and Selling at Peyto Exploration & Development

In related news, Director Stephen Jonathan Chetner sold 7,012 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of C$15.99, for a total value of C$112,145.72. Also, Director Jean-Paul Henri Lachance sold 31,700 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of C$17.10, for a total transaction of C$542,070.00. In the last 90 days, insiders have purchased 12,150 shares of company stock valued at $196,654 and have sold 126,509 shares valued at $2,072,231. 2.36% of the stock is owned by corporate insiders.

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.