BMO Capital Markets Upgrades Peyto Exploration & Development (TSE:PEY) to “Outperform”

BMO Capital Markets upgraded shares of Peyto Exploration & Development (TSE:PEY) from a market perform rating to an outperform rating in a report released on Monday morning,BayStreet.CA reports. The firm currently has C$19.50 target price on the stock, up from their previous target price of C$18.50.

Other analysts have also recently issued research reports about the company. TD Securities lifted 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 report on Friday, February 21st. CIBC lifted their target price on Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. Finally, Desjardins upped their target price on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a “hold” rating in a research report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$18.78.

Peyto Exploration & Development Trading Up 3.6 %

Shares of Peyto Exploration & Development stock opened at C$18.04 on Monday. The firm’s 50 day simple moving average is C$16.21 and its two-hundred day simple moving average is C$15.88. The firm has a market capitalization of C$3.58 billion, a price-to-earnings ratio of 12.16, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 12-month low of C$13.40 and a 12-month high of C$18.30. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96.

Insider Activity

In other news, Senior Officer Todd Burdick purchased 2,150 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average price of C$16.35 per share, for a total transaction of C$35,153.58. Also, Senior Officer Tavis Aaron Carlson sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$17.35, for a total value of C$433,750.00. Over the last quarter, insiders have bought 14,150 shares of company stock worth $230,994 and have sold 203,509 shares worth $3,402,675. 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.