CIBC Boosts Peyto Exploration & Development (TSE:PEY) Price Target to C$17.50

Peyto Exploration & Development (TSE:PEY - Get Free Report) had its target price raised by equities researchers at CIBC from C$17.00 to C$17.50 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC's price target indicates a potential upside of 6.90% from the stock's current price.

Other research analysts have also issued reports about the stock. National Bankshares boosted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. Atlantic Securities lifted their price target 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 price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, BMO Capital Markets lifted their target price on Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$17.85.

Peyto Exploration & Development Stock Down 0.1 %

Shares of TSE:PEY traded down C$0.02 during midday trading on Friday, hitting C$16.37. The stock had a trading volume of 1,041,030 shares, compared to its average volume of 871,511. The company has a market cap of C$3.20 billion, a P/E ratio of 10.56, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 12 month low of C$12.41 and a 12 month high of C$17.57. The business's 50-day simple moving average is C$16.43 and its 200-day simple moving average is C$15.36. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02.

Insiders Place Their Bets

In related news, Senior Officer Tavis Aaron Carlson sold 21,000 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$15.57, for a total value of C$326,900.70. Also, Director Stephen Jonathan Chetner acquired 4,000 shares of Peyto Exploration & Development stock in a transaction on Monday, October 28th. The shares were purchased at an average price of C$15.31 per share, for a total transaction of C$61,244.00. In the last 90 days, insiders have bought 20,860 shares of company stock worth $328,142 and have sold 352,562 shares worth $5,843,683. Company insiders own 2.36% of the company's stock.

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.