Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$16.27.

A number of analysts recently commented on PEY shares. Desjardins dropped their price target on Peyto Exploration & Development from C$14.00 to C$13.50 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Canaccord Genuity Group lifted their price target on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Scotiabank dropped their price target on Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. ATB Capital set a C$15.00 price target on Peyto Exploration & Development and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, BMO Capital Markets lifted their price target on 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.

Insider Buying and Selling at Peyto Exploration & Development

In other news, Senior Officer Riley Millar Frame sold 19,000 shares of Peyto Exploration & Development stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$14.48, for a total value of C$275,120.00. In other news, Director Jean-Paul Henri Lachance sold 35,000 shares of Peyto Exploration & Development stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total value of C$509,250.00. Also, Senior Officer Riley Millar Frame sold 19,000 shares of Peyto Exploration & Development stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$14.48, for a total value of C$275,120.00. Insiders have 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 currently owned by company insiders.

Peyto Exploration & Development Stock Performance

Shares of Peyto Exploration & Development stock opened at C$15.15 on Friday. The business’s fifty day simple moving average is C$14.83 and its 200 day simple moving average is C$13.70. The firm has a market capitalization of C$2.93 billion, a P/E ratio of 9.35, 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$15.83. The company has a current ratio of 1.75, a quick ratio of 0.32 and a debt-to-equity ratio of 51.67.

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.