Peyto Exploration & Development Corp. (TSE:PEY) Receives Average Recommendation of “Buy” from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has received an average rating of “Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$18.39.

PEY has been the subject of several recent research reports. TD Securities lifted their target price on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. BMO Capital Markets lifted their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday, January 14th. Finally, CIBC boosted their target price on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th.

Peyto Exploration & Development Stock Up 0.9 %

PEY stock opened at C$15.41 on Thursday. The stock has a fifty day moving average of C$16.38 and a 200-day moving average of C$15.71. Peyto Exploration & Development has a fifty-two week low of C$13.40 and a fifty-two week high of C$17.57. The company has a market capitalization of C$3.06 billion, a price-to-earnings ratio of 10.39, a PEG ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$16.40, for a total value of C$180,400.00. Also, Senior Officer Tavis Aaron Carlson purchased 3,300 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of C$15.38 per share, with a total value of C$50,754.00. In the last three months, insiders bought 25,750 shares of company stock valued at $411,718 and sold 221,871 shares valued at $3,701,150. Insiders own 2.36% of the company’s stock.

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.