Peyto Exploration & Development (TSE:PEY - Free Report) had its price target hoisted by Desjardins from C$16.50 to C$17.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.
Several other equities research analysts have also recently weighed in on PEY. BMO Capital Markets increased their target price on Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. CIBC increased their price objective on Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. Finally, TD Securities upped their price target on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a "buy" rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of "Buy" and an average target price of C$18.67.
Read Our Latest Analysis on Peyto Exploration & Development
Peyto Exploration & Development Trading Up 1.4 %
Peyto Exploration & Development stock traded up C$0.23 during mid-day trading on Thursday, hitting C$16.66. The company's stock had a trading volume of 1,084,690 shares, compared to its average volume of 866,270. The business has a 50 day moving average price of C$16.19 and a 200-day moving average price of C$15.79. Peyto Exploration & Development has a 12 month low of C$13.40 and a 12 month high of C$17.57. The stock has a market cap of C$3.31 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32.
Insider Buying and Selling at Peyto Exploration & Development
In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance bought 5,000 shares of Peyto Exploration & Development stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of C$15.50 per share, with a total value of C$77,500.00. Also, Senior Officer Lee Russell Curran sold 25,797 shares of Peyto Exploration & Development stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of C$16.09, for a total transaction of C$415,078.89. In the last ninety days, insiders have purchased 22,450 shares of company stock valued at $359,248 and have sold 203,509 shares valued at $3,402,675. Insiders own 2.36% of the company's stock.
Peyto Exploration & Development Company Profile
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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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