Peyto Exploration & Development Corp. (TSE:PEY) Receives C$18.67 Consensus PT from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has been given a consensus rating of “Buy” by the eight analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$18.78.

PEY has been the subject of several analyst reports. Desjardins lifted their price target 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. TD Securities raised 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. CIBC upped their price target on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. Finally, BMO Capital Markets upgraded Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$18.50 to C$19.50 in a research report on Monday, March 24th.

Insider Buying and Selling

In other news, Senior Officer Tavis Aaron Carlson acquired 2,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was purchased at an average price of C$17.17 per share, for a total transaction of C$34,340.00. Also, Director Jean-Paul Henri Lachance bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of C$15.85 per share, for a total transaction of C$79,250.00. Over the last ninety days, insiders have purchased 14,150 shares of company stock valued at $230,994 and have sold 203,509 shares valued at $3,402,675. 2.36% of the stock is owned by insiders.

Peyto Exploration & Development Stock Down 0.4 %

TSE:PEY opened at C$18.10 on Monday. Peyto Exploration & Development has a one year low of C$13.40 and a one year high of C$18.58. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32. The company has a market cap of C$3.59 billion, a PE ratio of 12.20, a P/E/G ratio of -0.46 and a beta of 1.75. The firm’s 50 day simple moving average is C$16.33 and its 200 day simple moving average is C$15.97.

Peyto Exploration & Development Company Profile

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.