Peyto Exploration & Development Corp. (TSE:PEY) Receives C$18.67 Consensus PT from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) has been assigned an average recommendation of "Buy" from the eight analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$18.78.

A number of analysts recently commented on PEY shares. TD Securities lifted their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a "buy" rating in a report on Friday, February 21st. CIBC lifted their target price on Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. Desjardins increased their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a "hold" rating in a research report on Thursday, March 13th. Finally, BMO Capital Markets raised shares of Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from C$18.50 to C$19.50 in a research report on Monday.

Peyto Exploration & Development Stock Down 0.9 %

Peyto Exploration & Development stock traded down C$0.17 during mid-day trading on Monday, reaching C$18.18. The stock had a trading volume of 653,354 shares, compared to its average volume of 890,688. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. Peyto Exploration & Development has a fifty-two week low of C$13.40 and a fifty-two week high of C$18.58. The stock's 50-day simple moving average is C$16.26 and its 200-day simple moving average is C$15.92. The firm has a market capitalization of C$3.61 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Insider Activity

In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 62,000 shares of Peyto Exploration & Development stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$16.18, for a total transaction of C$1,002,936.80. Also, Senior Officer Todd Burdick sold 24,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of C$17.16, for a total transaction of C$411,888.00. Over the last quarter, insiders have acquired 14,150 shares of company stock valued at $230,994 and have sold 203,509 shares valued at $3,402,675. 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.