Peyto Exploration & Development (TSE:PEY) PT Set at C$31.00 by Ventum Financial

Peyto Exploration & Development (TSE:PEY) has been assigned a C$31.00 price target by analysts at Ventum Financial in a report issued on Friday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial‘s target price suggests a potential upside of 21.43% from the stock’s current price.

A number of other equities research analysts have also issued reports on PEY. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. National Bank Financial lifted their price objective on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy” and an average price target of C$27.19.

Peyto Exploration & Development Price Performance

TSE PEY traded up C$0.18 during trading hours on Friday, hitting C$25.53. 535,469 shares of the company’s stock traded hands, compared to its average volume of 850,646. The company has a market capitalization of C$5.23 billion, a PE ratio of 10.68, a PEG ratio of -0.46 and a beta of -0.23. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. Peyto Exploration & Development has a 52-week low of C$19.91 and a 52-week high of C$29.22. The firm’s 50-day moving average is C$24.55 and its 200-day moving average is C$24.91.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, August 11th. The company reported C$0.50 earnings per share for the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%. The business had revenue of C$340.45 million for the quarter.

Insider Buying and Selling

In other Peyto Exploration & Development news, insider Riley Millar Frame sold 27,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$24.83, for a total value of C$670,410.00. Following the transaction, the insider directly owned 145,510 shares in the company, valued at C$3,613,013.30. The trade was a 15.65% decrease in their position. Also, Director Stephen Jonathan Chetner sold 2,229 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$25.18, for a total transaction of C$56,126.22. Following the completion of the sale, the director directly owned 97,805 shares of the company’s stock, valued at approximately C$2,462,729.90. This trade represents a 2.23% decrease in their position. Insiders sold a total of 90,229 shares of company stock worth $2,275,786 over the last ninety days. 2.36% of the stock is currently owned by insiders.

About Peyto Exploration & Development

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.