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

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$23.30.

A number of equities analysts have issued reports on PEY shares. Canaccord Genuity Group lifted their target price on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a research report on Friday, November 14th. CIBC raised Peyto Exploration & Development from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$21.00 to C$25.00 in a research note on Tuesday, January 13th. Scotiabank lifted their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. TD Securities upped their target price on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, Cibc Captl Mkts raised shares of Peyto Exploration & Development from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th.

Insiders Place Their Bets

In other news, insider Todd Burdick sold 52,000 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of C$22.21, for a total value of C$1,154,920.00. Following the completion of the sale, the insider owned 208,206 shares of the company’s stock, valued at C$4,624,255.26. This represents a 19.98% decrease in their ownership of the stock. Also, Director Jean-Paul Henri Lachance sold 74,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Thursday, November 27th. The shares were sold at an average price of C$22.00, for a total transaction of C$1,628,000.00. Following the sale, the director owned 501,731 shares in the company, valued at C$11,038,082. This represents a 12.85% decrease in their position. In the last 90 days, insiders have sold 337,400 shares of company stock worth $7,383,580. 2.36% of the stock is owned by company insiders.

Peyto Exploration & Development Stock Up 0.5%

PEY opened at C$24.52 on Friday. The business has a 50 day simple moving average of C$22.61 and a 200-day simple moving average of C$20.48. The stock has a market capitalization of C$4.95 billion, a P/E ratio of 13.33, a P/E/G ratio of -0.46 and a beta of -0.46. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32. Peyto Exploration & Development has a 12 month low of C$14.57 and a 12 month high of C$24.56.

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.