Peyto Exploration & Development Corp. (TSE:PEY) Stock Has Consensus Price Target of C$26.64

Peyto Exploration & Development Corp. (TSE:PEY) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$26.64.

A number of research firms have recently issued reports on PEY. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. National Bank Financial boosted their target price 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.

Peyto Exploration & Development Stock Performance

Shares of PEY stock opened at C$23.69 on Monday. The company’s fifty day moving average price is C$24.91 and its 200-day moving average price is C$25.35. The stock has a market cap of C$4.85 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of -0.46 and a beta of -0.48. The company has a current ratio of 1.63, a quick ratio of 0.32 and a debt-to-equity ratio of 34.98. Peyto Exploration & Development has a 12 month low of C$18.01 and a 12 month 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 EPS for the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.The firm had revenue of C$340.45 million for the quarter.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, insider Riley Millar Frame sold 27,000 shares of Peyto Exploration & Development stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$24.83, for a total value of C$670,410.00. Following the sale, the insider directly owned 145,510 shares in the company, valued at approximately C$3,613,013.30. The trade was a 15.65% decrease in their position. Also, insider Derick Nathan Czember sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$25.45, for a total value of C$636,250.00. Following the transaction, the insider directly owned 114,505 shares of the company’s stock, valued at approximately C$2,914,152.25. The trade was a 17.92% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 214,729 shares of company stock worth $5,296,036. Insiders own 2.36% of the company’s stock.

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.