Peyto Exploration & Development (TSE:PEY – Free Report) had its price target trimmed by Desjardins from C$14.00 to C$13.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
Several other brokerages also recently weighed in on PEY. BMO Capital Markets upped their target price on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a market perform rating in a report on Monday, March 11th. Scotiabank dropped their price objective on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating for the company in a report on Tuesday, January 16th. Canaccord Genuity Group increased their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a buy rating in a report on Wednesday, April 17th. National Bankshares dropped their price objective on shares of Peyto Exploration & Development from C$17.50 to C$15.00 and set an outperform rating for the company in a report on Wednesday, January 10th. Finally, ATB Capital set a C$15.00 price objective on shares of Peyto Exploration & Development and gave the company an outperform rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$16.27.
Read Our Latest Stock Analysis on PEY
Peyto Exploration & Development Trading Up 1.9 %
Insider Activity
In other news, Senior Officer Riley Millar Frame sold 19,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$14.48, for a total transaction of C$275,120.00. In other news, Senior Officer Riley Millar Frame sold 19,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$14.48, for a total transaction of C$275,120.00. Also, Director Jean-Paul Henri Lachance sold 35,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$14.55, for a total transaction of C$509,250.00. In the last three months, insiders have sold 108,700 shares of company stock worth $1,573,840. 2.51% of the stock is currently owned by corporate insiders.
About Peyto Exploration & Development
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.
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