Stifel Nicolaus Increases Peyto Exploration & Development (TSE:PEY) Price Target to C$18.00

Peyto Exploration & Development (TSE:PEY) had its price objective upped by analysts at Stifel Nicolaus from C$16.25 to C$18.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 15.61% from the company’s previous close.

A number of other research analysts have also weighed in on the company. BMO Capital Markets upped their price objective on 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. Scotiabank dropped their price objective on Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. ATB Capital set a C$15.00 price objective on Peyto Exploration & Development and gave the stock an “outperform” rating in a report on Friday, February 16th. Desjardins dropped their price objective on Peyto Exploration & Development from C$14.00 to C$13.50 and set a “hold” rating on the stock in a report on Tuesday. Finally, National Bankshares dropped their price objective on Peyto Exploration & Development from C$17.50 to C$15.00 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$16.27.

Peyto Exploration & Development Trading Up 1.8 %

TSE:PEY opened at C$15.57 on Tuesday. The firm has a market cap of C$3.02 billion, a P/E ratio of 9.61, a PEG ratio of -0.46 and a beta of 1.83. The company has a current ratio of 1.75, a quick ratio of 0.32 and a debt-to-equity ratio of 51.67. The stock’s 50 day simple moving average is C$14.58 and its 200-day simple moving average is C$13.64. Peyto Exploration & Development has a 12-month low of C$10.38 and a 12-month high of C$15.68.

Insider Buying and Selling at Peyto Exploration & Development

In related news, Director Jean-Paul Henri Lachance sold 35,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total transaction of C$509,250.00. In related news, Director Jean-Paul Henri Lachance sold 35,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total transaction of C$509,250.00. Also, Director Stephen Jonathan Chetner sold 2,700 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$14.50, for a total value of C$39,150.00. Over the last 90 days, insiders have sold 108,700 shares of company stock valued at $1,573,840. 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.