Stifel Nicolaus Raises Peyto Exploration & Development (TSE:PEY) Price Target to C$18.00

Peyto Exploration & Development (TSE:PEY) had its price objective raised by Stifel Nicolaus from C$16.25 to C$18.00 in a research note released on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages also recently commented on PEY. National Bankshares lowered their price target 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. Scotiabank lowered their price target 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. BMO Capital Markets boosted their target price on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the company a market perform rating in a report on Monday, March 11th. ATB Capital set a C$15.00 target price on shares of Peyto Exploration & Development and gave the company an outperform rating in a report on Friday, February 16th. Finally, Desjardins lowered their target price on shares of Peyto Exploration & Development from C$14.00 to C$13.50 and set a hold rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of C$16.27.

Peyto Exploration & Development Stock Performance

Shares of TSE PEY opened at C$15.30 on Tuesday. The company has a market cap of C$2.96 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of -0.46 and a beta of 1.83. Peyto Exploration & Development has a 12 month low of C$10.38 and a 12 month high of C$15.68. The company has a debt-to-equity ratio of 51.67, a current ratio of 1.75 and a quick ratio of 0.32. The company has a 50-day simple moving average of C$14.58 and a 200-day simple moving average of C$13.64.

Insiders Place Their Bets

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 35,000 shares of the business’s stock in a transaction that occurred on 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 other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$14.55, for a total transaction of C$509,250.00. Also, Director Stephen Jonathan Chetner sold 2,700 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$14.50, for a total transaction of C$39,150.00. Insiders sold a total of 108,700 shares of company stock worth $1,573,840 over the last ninety days. 2.51% of the stock is owned by company 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.