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

Peyto Exploration & Development Corp. (TSE:PEY) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$23.30.

Several equities research analysts recently commented on the company. Desjardins upgraded Peyto Exploration & Development from a “hold” rating to a “buy” rating and raised their target price for the company from C$23.50 to C$24.50 in a report on Monday, November 24th. Canadian Imperial Bank of Commerce raised shares of Peyto Exploration & Development from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$21.00 to C$25.00 in a research report on Tuesday, January 13th. Scotiabank boosted their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Canaccord Genuity Group upped their target price on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a research note on Friday, November 14th. Finally, TD Securities raised their price target on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a report on Thursday, December 11th.

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$26.05 on Tuesday. Peyto Exploration & Development has a twelve month low of C$14.60 and a twelve month high of C$26.47. The firm has a market capitalization of C$5.26 billion, a price-to-earnings ratio of 14.16, a PEG ratio of -0.46 and a beta of -0.21. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. The firm’s fifty day simple moving average is C$23.43 and its 200 day simple moving average is C$21.05.

Insider Activity at Peyto Exploration & Development

In related news, insider Michael Richard Collens sold 13,000 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of C$21.96, for a total value of C$285,480.00. Following the transaction, the insider owned 25,000 shares in the company, valued at approximately C$549,000. The trade was a 34.21% decrease in their ownership of the stock. Also, insider Todd Burdick sold 52,000 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of C$22.21, for a total value of C$1,154,920.00. Following the completion of the transaction, the insider directly owned 208,206 shares of the company’s stock, valued at C$4,624,255.26. This represents a 19.98% decrease in their position. Over the last ninety days, insiders sold 175,000 shares of company stock valued at $3,870,120. 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.