Peyto Exploration & Development Corp. (TSE:PEY) Given Consensus Rating of “Moderate Buy” by Brokerages

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

A number of research analysts have recently commented on PEY shares. Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a “hold” rating to an “outperform” rating and increased their price target for the company from C$21.00 to C$25.00 in a research note on Tuesday, January 13th. Desjardins increased their price target on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Scotiabank increased their price target on 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. Royal Bank Of Canada increased 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 research note on Friday, February 20th. Finally, TD Securities cut 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 Activity at Peyto Exploration & Development

In related news, insider Riley Millar Frame acquired 1,550 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average cost of C$24.07 per share, for a total transaction of C$37,308.50. Following the completion of the acquisition, the insider directly owned 138,452 shares of the company’s stock, valued at approximately C$3,332,539.64. This trade represents a 1.13% increase in their position. Also, Director Stephen Jonathan Chetner acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average price of C$28.49 per share, with a total value of C$85,470.00. Following the completion of the acquisition, the director directly owned 143,748 shares of the company’s stock, valued at C$4,095,380.52. This trade represents a 2.13% increase in their ownership of the stock. Insiders purchased 9,550 shares of company stock worth $241,429 over the last three months. Company insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Stock Down 1.2%

TSE PEY opened at C$25.01 on Friday. The business has a fifty day moving average price of C$26.37 and a two-hundred day moving average price of C$24.04. The company has a debt-to-equity ratio of 41.44, a current ratio of 0.98 and a quick ratio of 0.32. Peyto Exploration & Development has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22. The stock has a market capitalization of C$5.12 billion, a PE ratio of 12.14, a PEG ratio of -0.46 and a beta of -0.20.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, March 10th. The company reported C$0.61 earnings per share for the quarter. Peyto Exploration & Development had a return on equity of 15.30% and a net margin of 38.72%.The firm had revenue of C$355.02 million during the quarter.

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.