Peyto Exploration & Development (TSE:PEY) PT Raised to C$18.50 at National Bankshares

Peyto Exploration & Development (TSE:PEY) had its price target raised by equities research analysts at National Bankshares from C$18.00 to C$18.50 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 23.09% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. TD Securities upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 21st. CIBC dropped their price target on Peyto Exploration & Development from C$17.50 to C$17.00 in a research note on Monday, July 15th. Finally, Scotiabank upgraded Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 14th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$17.28.

Peyto Exploration & Development Stock Up 3.4 %

PEY stock opened at C$15.03 on Friday. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. Peyto Exploration & Development has a 1-year low of C$11.09 and a 1-year high of C$15.99. The stock has a market capitalization of C$2.94 billion, a P/E ratio of 9.70, a P/E/G ratio of -0.46 and a beta of 1.76. The business has a fifty day moving average price of C$14.48 and a 200-day moving average price of C$14.82.

Peyto Exploration & Development (TSE:PEY) last posted its earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.01). The company had revenue of C$256.55 million for the quarter, compared to the consensus estimate of C$257.10 million. Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%. Equities analysts forecast that Peyto Exploration & Development will post 2.5599315 earnings per share for the current fiscal year.

Insider Activity at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 16,600 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$15.10, for a total value of C$250,660.00. In other news, Director Stephen Jonathan Chetner sold 2,700 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of C$14.29, for a total transaction of C$38,583.00. Also, Director Jean-Paul Henri Lachance sold 16,600 shares of Peyto Exploration & Development stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$15.10, for a total transaction of C$250,660.00. Over the last three months, insiders have purchased 41,775 shares of company stock worth $608,667 and have sold 267,641 shares worth $3,893,311. 2.37% of the stock is owned by company insiders.

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.