Peyto Exploration & Development (TSE:PEY) Hits New 12-Month High - What's Next?

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$18.30 and last traded at C$18.23, with a volume of 496529 shares. The stock had previously closed at C$17.41.

Analysts Set New Price Targets

PEY has been the topic of a number of analyst reports. BMO Capital Markets upgraded shares of Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and raised their price objective for the company from C$18.50 to C$19.50 in a report on Monday. TD Securities raised their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a "buy" rating in a research note on Friday, February 21st. 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. Finally, Desjardins raised their target price on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a "hold" rating in a research report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Peyto Exploration & Development presently has an average rating of "Buy" and a consensus price target of C$18.78.

Peyto Exploration & Development Stock Performance

The company has a market cap of C$3.64 billion, a PE ratio of 12.35, a PEG ratio of -0.46 and a beta of 1.75. The stock has a 50 day simple moving average of C$16.23 and a two-hundred day simple moving average of C$15.91. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32.

Remove Ads

Insiders Place Their Bets

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 31,700 shares of Peyto Exploration & Development stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of C$17.10, for a total value of C$542,070.00. Also, Senior Officer Tavis Aaron Carlson bought 2,000 shares of the company's stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of C$17.17 per share, for a total transaction of C$34,340.00. In the last three months, insiders have acquired 14,150 shares of company stock valued at $230,994 and have sold 203,509 shares valued at $3,402,675. 2.36% of the stock is currently owned by insiders.

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.