Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$24.55.

PEY has been the topic of several recent research reports. Royal Bank Of Canada raised their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Canadian Imperial Bank of Commerce upgraded shares of Peyto Exploration & Development from a “hold” rating to an “outperform” rating and upped their target price for the company from C$21.00 to C$25.00 in a research report on Tuesday, January 13th. Scotiabank raised their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Desjardins lifted their price target on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target for the company. in a research note on Friday, February 20th.

Insider Buying and Selling

In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner bought 3,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was bought at an average price of C$28.49 per share, for a total transaction of C$85,470.00. Following the transaction, the director owned 143,748 shares of the company’s stock, valued at approximately C$4,095,380.52. The trade was a 2.13% increase in their position. Corporate insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Stock Performance

PEY stock opened at C$25.14 on Wednesday. The company has a 50 day moving average price of C$26.62 and a 200 day moving average price of C$23.41. Peyto Exploration & Development has a fifty-two week low of C$16.75 and a fifty-two week high of C$29.22. The company has a debt-to-equity ratio of 41.44, a current ratio of 0.98 and a quick ratio of 0.32. The stock has a market capitalization of C$5.05 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of -0.46 and a beta of -0.18.

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.