Peyto Exploration & Development Corp. (TSE:PEY) Receives C$17.70 Average Target Price from Analysts

Peyto Exploration & Development Corp. (TSE:PEY) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$17.80.

Several research firms have recently issued reports on PEY. Atlantic Securities boosted their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th. BMO Capital Markets boosted their target price on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday. National Bankshares boosted their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. Finally, TD Securities decreased their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at C$17.09 on Wednesday. The firm has a market capitalization of C$3.34 billion, a P/E ratio of 11.03, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 1 year low of C$12.41 and a 1 year high of C$17.57. The business has a 50-day moving average of C$16.31 and a 200-day moving average of C$15.30. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02.

Insider Activity at Peyto Exploration & Development

In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$16.40, for a total value of C$180,400.00. Also, Director Stephen Jonathan Chetner bought 4,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was purchased at an average price of C$15.31 per share, for a total transaction of C$61,244.00. In the last three months, insiders acquired 20,860 shares of company stock worth $328,142 and sold 258,862 shares worth $4,298,676. 2.36% of the stock is owned by insiders.

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.