Peyto Exploration & Development (TSE:PEY – Free Report) had its price target hoisted by Stifel Nicolaus from C$16.25 to C$18.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
PEY has been the topic of a number of other reports. BMO Capital Markets increased their price objective 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 report on Monday, March 11th. ATB Capital set a C$15.00 price objective on shares of Peyto Exploration & Development and gave the company an outperform rating in a research report on Friday, February 16th. Desjardins dropped their price objective on shares of Peyto Exploration & Development from C$14.00 to C$13.50 and set a hold rating on the stock in a research report on Tuesday. Scotiabank dropped their price objective on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating on the stock in a research report on Tuesday, January 16th. Finally, National Bankshares dropped their price objective on shares of Peyto Exploration & Development from C$17.50 to C$15.00 and set an outperform rating on the stock in a research 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of C$16.27.
Get Our Latest Stock Analysis on PEY
Peyto Exploration & Development Price Performance
Insider Activity 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 shares were sold at an average price of C$14.55, for a total value of C$509,250.00. In related news, Senior Officer Lee Russell Curran sold 28,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$14.54, for a total transaction of C$407,120.00. Also, 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. Insiders have sold 108,700 shares of company stock valued at $1,573,840 in the last ninety days. Insiders own 2.51% of the company’s stock.
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.
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