Desjardins Trims Peyto Exploration & Development (TSE:PEY) Target Price to C$13.50

Peyto Exploration & Development (TSE:PEY) had its price target decreased by Desjardins from C$14.00 to C$13.50 in a research note released on Tuesday, BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

A number of other research analysts also recently issued reports on the company. Scotiabank decreased their price objective on 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. Canaccord Genuity Group increased their price objective on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a buy rating in a report on Wednesday, April 17th. 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. Stifel Nicolaus increased their price objective on Peyto Exploration & Development from C$16.00 to C$16.50 in a report on Monday, March 11th. Finally, National Bankshares decreased their price objective 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$16.27.

Peyto Exploration & Development Trading Down 0.5 %

TSE PEY opened at C$15.49 on Tuesday. The firm has a market cap of C$3.00 billion, a P/E ratio of 9.56, a P/E/G ratio of -0.46 and a beta of 1.83. The company has a debt-to-equity ratio of 51.67, a current ratio of 1.75 and a quick ratio of 0.32. The stock’s 50-day moving average is C$14.63 and its 200-day moving average is C$13.65. Peyto Exploration & Development has a one year low of C$10.38 and a one year high of C$15.68.

Insider Activity

In other news, Director Jean-Paul Henri Lachance sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total value of C$509,250.00. In other news, Director Jean-Paul Henri Lachance sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total value of C$509,250.00. Also, Senior Officer Todd Burdick sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$14.30, for a total value of C$343,200.00. Insiders sold a total of 108,700 shares of company stock valued at $1,573,840 over the last three months. 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.