Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Rating 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 firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$24.55.

Several research analysts have issued reports on PEY shares. Canadian Imperial Bank of Commerce upgraded shares of Peyto Exploration & Development from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$21.00 to C$25.00 in a report on Tuesday, January 13th. Scotiabank upped their price objective on shares of 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. Desjardins increased their price objective on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank Of Canada lifted their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Finally, Canaccord Genuity Group boosted their target price on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at C$28.98 on Friday. The stock’s 50 day moving average is C$25.03 and its 200 day moving average is C$22.06. The company has a debt-to-equity ratio of 41.44, a current ratio of 0.98 and a quick ratio of 0.32. The firm has a market cap of C$5.85 billion, a P/E ratio of 15.75, a P/E/G ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development has a one year low of C$14.60 and a one year high of C$29.22.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, insider Riley Millar Frame acquired 11,500 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were bought at an average cost of C$22.78 per share, with a total value of C$261,970.00. Following the purchase, the insider directly owned 128,877 shares of the company’s stock, valued at C$2,935,818.06. This trade represents a 9.80% increase in their ownership of the stock. Company insiders own 2.36% of the company’s stock.

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.