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

Peyto Exploration & Development (TSE:PEY) had its price target hoisted by CIBC from C$17.00 to C$17.50 in a research report released on Friday,BayStreet.CA reports.

Several other research analysts have also weighed in on the company. National Bankshares boosted their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. BMO Capital Markets increased their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday. Atlantic Securities lifted their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, October 7th. Finally, TD Securities cut their target price on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$17.85.

Peyto Exploration & Development Stock Down 0.1 %

Peyto Exploration & Development stock opened at C$16.37 on Friday. The company has a fifty day simple moving average of C$16.43 and a 200 day simple moving average of C$15.35. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development has a 1-year low of C$12.41 and a 1-year high of C$17.57. The company has a market cap of C$3.20 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Insider Buying and Selling

In other news, Senior Officer Derick Nathan Czember sold 62,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$16.18, for a total transaction of C$1,002,936.80. Also, Director Stephen Jonathan Chetner acquired 4,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of C$15.31 per share, for a total transaction of C$61,244.00. Over the last quarter, insiders have purchased 20,860 shares of company stock worth $328,142 and have sold 352,562 shares worth $5,843,683. 2.36% of the stock is owned by company insiders.

Peyto Exploration & Development Company Profile

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.