Peyto Exploration & Development Corp. (TSE:PEY) Receives C$18.39 Consensus Price Target from Analysts

Shares of Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) have been assigned an average recommendation of "Buy" from the eight analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$18.39.

Several brokerages have recently weighed in on PEY. CIBC raised their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. TD Securities boosted their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, BMO Capital Markets raised their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday, January 14th.

Insider Activity at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 54,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$16.00, for a total transaction of C$864,000.00. Also, Senior Officer Lee Russell Curran sold 25,797 shares of Peyto Exploration & Development stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of C$16.09, for a total value of C$415,078.89. Over the last three months, insiders have bought 29,010 shares of company stock valued at $463,552 and have sold 275,871 shares valued at $4,565,150. 2.36% of the stock is currently owned by insiders.

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Peyto Exploration & Development Stock Down 1.1 %

Shares of TSE:PEY traded down C$0.18 during mid-day trading on Thursday, reaching C$15.92. 1,058,017 shares of the stock were exchanged, compared to its average volume of 799,439. The stock's 50 day simple moving average is C$16.42 and its 200-day simple moving average is C$15.67. Peyto Exploration & Development has a one year low of C$13.40 and a one year high of C$17.57. The company has a market cap of C$3.16 billion, a P/E ratio of 10.73, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96.

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.