Stifel Nicolaus Analysts Give Peyto Exploration & Development (TSE:PEY) a C$18.00 Price Target

Peyto Exploration & Development (TSE:PEYGet Rating) has been assigned a C$18.00 target price by research analysts at Stifel Nicolaus in a report released on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 34.03% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Scotiabank raised their price objective on shares of Peyto Exploration & Development from C$25.00 to C$26.00 in a report on Thursday, October 13th. National Bankshares cut their price target on shares of Peyto Exploration & Development from C$19.00 to C$17.00 in a report on Friday, September 30th. CIBC cut their price target on shares of Peyto Exploration & Development from C$18.00 to C$17.00 and set a “neutral” rating for the company in a report on Wednesday, January 4th. Finally, BMO Capital Markets cut their price target on shares of Peyto Exploration & Development from C$16.00 to C$15.00 in a report on Tuesday, December 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Moderate Buy” and an average price target of C$18.36.

Peyto Exploration & Development Stock Up 0.9 %

PEY opened at C$13.43 on Friday. The company has a 50 day moving average of C$13.82 and a 200 day moving average of C$12.83. The company has a market cap of C$2.31 billion and a PE ratio of 6.72. Peyto Exploration & Development has a 12 month low of C$8.75 and a 12 month high of C$17.13. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 68.28.

Peyto Exploration & Development (TSE:PEYGet Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported C$0.48 EPS for the quarter. The business had revenue of C$374.53 million during the quarter. On average, sell-side analysts expect that Peyto Exploration & Development will post 2.9600002 EPS for the current year.

Insider Activity

In related news, Director Don Gray acquired 260,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were purchased at an average price of C$14.60 per share, for a total transaction of C$3,796,000.00. Following the transaction, the director now owns 1,168,186 shares in the company, valued at approximately C$17,055,515.60. In related news, Director Don Gray acquired 260,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were purchased at an average price of C$14.60 per share, for a total transaction of C$3,796,000.00. Following the transaction, the director now owns 1,168,186 shares in the company, valued at approximately C$17,055,515.60. Also, Director Stephen Jonathan Chetner sold 1,902 shares of the firm’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of C$13.80, for a total transaction of C$26,247.60. Following the sale, the director now owns 47,431 shares in the company, valued at approximately C$654,547.80. In the last quarter, insiders have purchased 341,600 shares of company stock worth $4,954,527 and have sold 131,661 shares worth $1,833,146.

About Peyto Exploration & Development

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Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. As of December 31, 2021, it had a total proved plus probable reserves of 904 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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Analyst Recommendations for Peyto Exploration & Development (TSE:PEY)

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