Shares of Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) hit a new 52-week high 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.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on PEY. Desjardins boosted their target price on shares of 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. CIBC upped their price objective on Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. TD Securities lifted their target price 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 Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and upped their price target for the company from C$18.50 to C$19.50 in a research report on Monday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$18.78.
Check Out Our Latest Report on Peyto Exploration & Development
Peyto Exploration & Development Price Performance
The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. The firm has a market capitalization of C$3.59 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The business has a fifty day moving average of C$16.29 and a 200-day moving average of C$15.95.
Insiders Place Their Bets
In other Peyto Exploration & Development news, Senior Officer Tavis Aaron Carlson purchased 2,000 shares of the company's stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of C$17.17 per share, with a total value of C$34,340.00. Also, Senior Officer Derick Nathan Czember sold 62,000 shares of the firm's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$16.18, for a total value of C$1,002,936.80. In the last quarter, insiders have purchased 14,150 shares of company stock worth $230,994 and have sold 203,509 shares worth $3,402,675. Corporate insiders own 2.36% of the company's stock.
About Peyto Exploration & Development
(
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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.
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