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

Peyto Exploration & Development Corp. (TSE:PEY) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$26.64.

Several equities research analysts have recently issued reports on the stock. National Bank Financial lifted their price objective on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th.

Insider Buying and Selling at Peyto Exploration & Development

In related news, insider Lee Russell Curran sold 28,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of C$24.75, for a total value of C$693,000.00. Following the completion of the transaction, the insider directly owned 432,664 shares of the company’s stock, valued at approximately C$10,708,434. This trade represents a 6.08% decrease in their ownership of the stock. Also, insider Tavis Aaron Carlson purchased 2,200 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, July 14th. The stock was acquired at an average price of C$24.05 per share, for a total transaction of C$52,910.00. Following the transaction, the insider directly owned 64,447 shares of the company’s stock, valued at C$1,549,950.35. The trade was a 3.53% increase in their position. Over the last ninety days, insiders sold 362,909 shares of company stock worth $9,056,232. Company insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Stock Performance

Shares of TSE PEY opened at C$24.95 on Thursday. The firm has a fifty day moving average price of C$24.71 and a 200-day moving average price of C$25.60. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. The stock has a market cap of C$5.11 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of -0.46 and a beta of -0.51. Peyto Exploration & Development has a 1 year low of C$17.92 and a 1 year high of C$29.22.

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

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.