Peyto Exploration & Development Corp. (TSE:PEY) Receives C$17.85 Average PT from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) has received an average rating of "Buy" from the nine brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$17.85.

PEY has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. CIBC upped their price objective on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th.

Peyto Exploration & Development Price Performance

PEY stock traded up C$0.17 during trading on Friday, hitting C$15.71. 550,800 shares of the company's stock traded hands, compared to its average volume of 849,204. The business has a fifty day simple moving average of C$16.43 and a 200 day simple moving average of C$15.49. Peyto Exploration & Development has a 52 week low of C$12.48 and a 52 week high of C$17.57. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The stock has a market capitalization of C$3.07 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported C$0.26 EPS for the quarter, missing analysts' consensus estimates of C$0.27 by C($0.01). Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%.

Insider Activity at Peyto Exploration & Development

In other Peyto Exploration & Development news, Senior Officer Lee Russell Curran sold 31,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$17.04, for a total transaction of C$528,314.40. Also, Senior Officer Tavis Aaron Carlson acquired 2,000 shares of the stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$17.17 per share, with a total value of C$34,340.00. Over the last quarter, insiders have purchased 29,010 shares of company stock valued at $463,552 and have sold 385,371 shares valued at $6,370,908. 2.36% of the stock is owned by corporate insiders.

Peyto Exploration & Development Company Profile

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.