Peyto Exploration & Development Corp. (TSE:PEY) Receives C$16.27 Consensus PT from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$16.27.

Several research analysts recently commented on PEY shares. Desjardins dropped their target price on shares of Peyto Exploration & Development from C$14.00 to C$13.50 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Scotiabank decreased their target price on Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Canaccord Genuity Group upped their price target 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 shares of Peyto Exploration & Development and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, BMO Capital Markets upped their target price on shares of 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.

Insider Transactions at Peyto Exploration & Development

In other news, Senior Officer Riley Millar Frame sold 19,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$14.48, for a total value of C$275,120.00. In other Peyto Exploration & Development 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 shares were sold at an average price of C$14.55, for a total value of C$509,250.00. Also, Senior Officer Riley Millar Frame sold 19,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$14.48, for a total transaction of C$275,120.00. In the last three months, insiders sold 108,700 shares of company stock valued at $1,573,840. Company insiders own 2.51% of the company’s stock.

Peyto Exploration & Development Price Performance

Shares of Peyto Exploration & Development stock opened at C$14.95 on Friday. The firm has a fifty day simple moving average of C$14.87 and a 200-day simple moving average of C$13.71. The company has a current ratio of 1.75, a quick ratio of 0.32 and a debt-to-equity ratio of 51.67. Peyto Exploration & Development has a 1-year low of C$10.38 and a 1-year high of C$15.83. The stock has a market capitalization of C$2.90 billion, a price-to-earnings ratio of 9.23, a PEG ratio of -0.46 and a beta of 1.83.

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.