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

Peyto Exploration & Development Corp. (TSE:PEY) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$16.27.

A number of brokerages have issued reports on PEY. ATB Capital set a C$15.00 target price on Peyto Exploration & Development and gave the stock an “outperform” rating in a research note on Friday, February 16th. National Bankshares lowered their target price on 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. Stifel Nicolaus raised their target price on Peyto Exploration & Development from C$16.25 to C$18.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. BMO Capital Markets lifted their price objective on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the company a “market perform” rating in a research note on Monday, March 11th. Finally, Desjardins decreased their price objective on Peyto Exploration & Development from C$14.00 to C$13.50 and set a “hold” rating for the company in a research note on Tuesday, April 23rd.

Insider Buying and Selling

In related news, Director Stephen Jonathan Chetner sold 2,700 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$14.50, for a total transaction of C$39,150.00. In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 2,700 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$14.50, for a total transaction of C$39,150.00. Also, Senior Officer Todd Burdick sold 24,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$14.30, for a total value of C$343,200.00. Insiders have sold 108,700 shares of company stock valued at $1,573,840 over the last quarter. Company insiders own 2.51% of the company’s stock.

Peyto Exploration & Development Stock Up 0.2 %

PEY opened at C$15.15 on Friday. The company has a market cap of C$2.93 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of -0.46 and a beta of 1.83. Peyto Exploration & Development has a twelve month low of C$10.38 and a twelve month high of C$15.83. The company has a 50-day moving average price of C$14.83 and a 200 day moving average price of C$13.70. The company has a quick ratio of 0.32, a current ratio of 1.75 and a debt-to-equity ratio of 51.67.

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.