Peyto Exploration & Development (TSE:PEY) Upgraded at Raymond James

Raymond James upgraded shares of Peyto Exploration & Development (TSE:PEY) to a moderate buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other brokerages have also recently weighed in on PEY. Desjardins upped their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “hold” rating in a research report on Thursday, March 13th. CIBC boosted their price objective on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. BMO Capital Markets raised Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$18.50 to C$19.50 in a research report on Monday, March 24th. Finally, TD Securities lifted their price target on 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 equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$19.10.

Peyto Exploration & Development Stock Performance

PEY stock opened at C$16.23 on Monday. Peyto Exploration & Development has a 1-year low of C$13.40 and a 1-year high of C$18.58. The business has a 50-day moving average price of C$16.45 and a 200 day moving average price of C$16.17. The company has a market capitalization of C$3.22 billion, a P/E ratio of 10.94, a PEG 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 Activity

In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 62,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$16.18, for a total transaction of C$1,002,936.80. Also, Director Jean-Paul Henri Lachance acquired 5,000 shares of the stock in a transaction dated Monday, January 20th. The shares were bought at an average price of C$16.45 per share, with a total value of C$82,250.00. Over the last 90 days, insiders have purchased 12,150 shares of company stock worth $196,654 and have sold 126,509 shares worth $2,072,231. Corporate insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Company Profile

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.