Analysts Set Peyto Exploration & Development Corp. (TSE:PEY) PT at C$19.10

Peyto Exploration & Development Corp. (TSE:PEY) has received an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$19.22.

PEY has been the topic of several recent analyst reports. BMO Capital Markets raised Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$18.50 to C$19.50 in a research note on Monday, March 24th. Raymond James set a C$22.00 price target on shares of Peyto Exploration & Development and gave the stock an “outperform” rating in a research report on Tuesday, April 8th. CIBC raised their price objective on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. TD Securities lifted their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Desjardins boosted their target price on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “hold” rating in a report on Thursday, March 13th.

Peyto Exploration & Development Stock Performance

PEY opened at C$17.90 on Friday. Peyto Exploration & Development has a twelve month low of C$13.40 and a twelve month high of C$18.58. The stock has a market cap of C$3.55 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The business’s 50 day moving average is C$16.80 and its 200-day moving average is C$16.32. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96.

Insider Activity at Peyto Exploration & Development

In related news, Director Jean-Paul Henri Lachance acquired 5,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were purchased at an average price of C$15.85 per share, for a total transaction of C$79,250.00. Also, Director Stephen Jonathan Chetner sold 7,012 shares of Peyto Exploration & Development stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of C$15.99, for a total transaction of C$112,145.72. 2.36% of the stock is owned by insiders.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.