Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Rating of “Hold” from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$21.44.

Separately, CIBC increased their target price on Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday, October 15th.

Insiders Place Their Bets

In related news, insider Riley Millar Frame sold 47,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of C$18.45, for a total value of C$867,239.30. Following the completion of the transaction, the insider directly owned 127,527 shares in the company, valued at C$2,353,115.45. The trade was a 26.93% decrease in their position. Also, insider Michael Richard Collens sold 26,000 shares of Peyto Exploration & Development stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of C$18.80, for a total value of C$488,800.00. Following the completion of the sale, the insider directly owned 25,000 shares of the company’s stock, valued at approximately C$470,000. The trade was a 50.98% decrease in their position. Over the last ninety days, insiders bought 14,450 shares of company stock valued at $267,380. Insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Stock Performance

Shares of PEY opened at C$20.65 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. The stock has a market cap of C$4.14 billion, a P/E ratio of 12.52, a P/E/G ratio of -0.46 and a beta of -0.16. The business’s 50 day moving average price is C$19.17 and its 200-day moving average price is C$19.10. Peyto Exploration & Development has a 52 week low of C$14.57 and a 52 week high of C$21.20.

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.