Peyto Exploration & Development (TSE:PEY – Get Free Report) had its target price lifted by equities research analysts at Stifel Nicolaus from C$16.25 to C$18.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 17.96% from the company’s current price.
Other equities analysts also recently issued reports about the company. ATB Capital set a C$15.00 price target on Peyto Exploration & Development and gave the stock an “outperform” rating in a research note on Friday, February 16th. BMO Capital Markets lifted their price target on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a research note on Monday, March 11th. Desjardins decreased their target price on Peyto Exploration & Development from C$14.00 to C$13.50 and set a “hold” rating for the company in a research note on Tuesday. Canaccord Genuity Group lifted their target price on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, National Bankshares decreased their target price on Peyto Exploration & Development from C$17.50 to C$15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.27.
View Our Latest Research Report on Peyto Exploration & Development
Peyto Exploration & Development Stock Up 1.6 %
Insider Buying and Selling
In other Peyto Exploration & Development news, Senior Officer Riley Millar Frame sold 19,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$14.48, for a total value of C$275,120.00. In other Peyto Exploration & Development news, Senior Officer Riley Millar Frame sold 19,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$14.48, for a total value of C$275,120.00. Also, Senior Officer Todd Burdick sold 24,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$14.30, for a total value of C$343,200.00. Insiders have sold a total of 108,700 shares of company stock valued at $1,573,840 over the last quarter. Corporate insiders own 2.51% of the company’s stock.
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.
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