Peyto Exploration & Development (TSE:PEY) Price Target Raised to C$17.50 at BMO Capital Markets

Peyto Exploration & Development (TSE:PEY) had its target price boosted by equities researchers at BMO Capital Markets from C$16.50 to C$17.50 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 8.49% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on PEY. TD Securities decreased their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Atlantic Securities raised their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Monday, October 7th. Finally, National Bankshares raised their price objective on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$17.70.

Peyto Exploration & Development Price Performance

TSE:PEY traded down C$0.21 during trading hours on Friday, reaching C$16.13. 501,656 shares of the company traded hands, compared to its average volume of 911,885. The firm’s 50-day moving average is C$15.82 and its 200-day moving average is C$15.09. The stock has a market cap of C$3.15 billion, a P/E ratio of 10.42, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. Peyto Exploration & Development has a 1-year low of C$11.89 and a 1-year high of C$17.27.

Insider Buying and Selling at Peyto Exploration & Development

In other news, Senior Officer Todd Burdick sold 57,810 shares of Peyto Exploration & Development stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$14.41, for a total transaction of C$832,845.55. Also, Director Stephen Jonathan Chetner sold 3,831 shares of Peyto Exploration & Development stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$14.80, for a total value of C$56,698.80. Over the last three months, insiders have purchased 7,935 shares of company stock valued at $123,203 and have sold 257,805 shares valued at $4,072,420. 2.36% of the stock is currently owned by corporate insiders.

About Peyto Exploration & Development

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.