Peyto Exploration & Development (TSE:PEY) Given New C$17.00 Price Target at Desjardins

Peyto Exploration & Development (TSE:PEY) had its target price lifted by Desjardins from C$16.50 to C$17.00 in a research note released on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets upped their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. TD Securities upped their price objective on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, CIBC upped their price objective on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$18.67.

Peyto Exploration & Development Stock Performance

Shares of PEY opened at C$16.43 on Thursday. The stock has a market cap of C$3.26 billion, a P/E ratio of 11.08, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 52 week low of C$13.40 and a 52 week high of C$17.57. 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 business’s 50 day moving average price is C$16.20 and its 200-day moving average price is C$15.76.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 4,797 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$15.82, for a total transaction of C$75,907.73. Also, Senior Officer Tavis Aaron Carlson bought 3,300 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of C$15.38 per share, with a total value of C$50,754.00. In the last ninety days, insiders purchased 25,750 shares of company stock worth $411,718 and sold 208,306 shares worth $3,478,583. Company insiders own 2.36% of the company’s stock.

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.