Peyto Exploration & Development (TSE:PEY – Free Report) had its target price increased by Canaccord Genuity Group from C$16.50 to C$17.00 in a research report report published on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Peyto Exploration & Development from C$16.00 to C$16.50 in a research note on Monday, March 11th. ATB Capital set a C$15.00 target price on shares of Peyto Exploration & Development and gave the stock an outperform rating in a research note on Friday, February 16th. National Bankshares lowered their price target on shares of Peyto Exploration & Development from C$17.50 to C$15.00 and set an outperform rating for the company in a report on Wednesday, January 10th. Scotiabank lowered their price target on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating for the company in a report on Tuesday, January 16th. Finally, BMO Capital Markets boosted their price target on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a market perform rating in a report on Monday, March 11th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$16.14.
Get Our Latest Analysis on PEY
Peyto Exploration & Development Price Performance
Insider Activity
In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance purchased 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was purchased at an average price of C$12.85 per share, for a total transaction of C$205,600.00. In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance purchased 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was purchased at an average price of C$12.85 per share, for a total transaction of C$205,600.00. Also, Senior Officer Derick Nathan Czember sold 21,000 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of C$13.00, for a total transaction of C$273,000.00. In the last quarter, insiders sold 164,700 shares of company stock worth $2,298,340. Corporate insiders own 2.51% of the company’s stock.
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.
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