BMO Capital Markets Forecasts Strong Price Appreciation for Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development (TSE:PEY - Get Free Report) had its price objective boosted by equities researchers at BMO Capital Markets from C$16.50 to C$17.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets' price objective points to a potential upside of 8.09% from the stock's current price.

Other analysts have also issued reports about the company. Atlantic Securities raised their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an "outperform" rating in a report on Monday, October 7th. TD Securities dropped their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Finally, National Bankshares raised their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$17.70.

Peyto Exploration & Development Stock Performance

Shares of PEY stock traded down C$0.15 during mid-day trading on Friday, reaching C$16.19. The stock had a trading volume of 917,854 shares, compared to its average volume of 913,971. The business's fifty day moving average is C$15.82 and its 200-day moving average is C$15.09. 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 firm has a market cap of C$3.17 billion, a price-to-earnings ratio of 10.45, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 1-year low of C$11.89 and a 1-year high of C$17.27.

Insiders Place Their Bets

In other news, Director Stephen Jonathan Chetner sold 2,565 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$16.44, for a total value of C$42,166.55. Also, Senior Officer Todd Burdick sold 57,810 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$14.41, for a total value of C$832,845.55. Over the last 90 days, insiders have acquired 7,935 shares of company stock worth $123,203 and have sold 257,805 shares worth $4,072,420. 2.36% of the stock is currently owned by company 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.