Peyto Exploration & Development (TSE:PEY) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Peyto Exploration & Development (TSE:PEY - Free Report) had its price objective hoisted by BMO Capital Markets from C$17.50 to C$18.50 in a research note released on Tuesday morning,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. Atlantic Securities lifted their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an "outperform" rating in a report on Monday, October 7th. National Bankshares lifted their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. Finally, TD Securities dropped their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$17.80.

Peyto Exploration & Development Stock Up 1.1 %

TSE:PEY traded up C$0.18 on Tuesday, reaching C$17.09. The stock had a trading volume of 675,212 shares, compared to its average volume of 851,225. The company has a 50-day moving average of C$16.31 and a 200 day moving average of C$15.30. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The stock has a market cap of C$3.34 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 12-month low of C$12.41 and a 12-month high of C$17.57.

Insider Activity

In other news, Senior Officer Lee Russell Curran sold 28,000 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$17.31, for a total transaction of C$484,806.00. Also, Senior Officer Tavis Aaron Carlson bought 2,000 shares of Peyto Exploration & Development stock in a transaction on Monday, December 30th. The stock was acquired at an average price of C$17.17 per share, with a total value of C$34,340.00. In the last 90 days, insiders purchased 20,860 shares of company stock worth $328,142 and sold 258,862 shares worth $4,298,676. Insiders own 2.36% of the company's stock.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.