Peyto Exploration & Development (TSE:PEY) Price Target Raised to C$31.00 at Desjardins

Peyto Exploration & Development (TSE:PEY) had its target price increased by Desjardins from C$27.00 to C$31.00 in a research note released on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the company. Royal Bank Of Canada lifted their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Scotiabank raised their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target for the company. in a research note on Friday, February 20th. Canadian Imperial Bank of Commerce raised shares of Peyto Exploration & Development from a “hold” rating to an “outperform” rating and upped their price target for the company from C$21.00 to C$25.00 in a research report on Tuesday, January 13th. Finally, Canaccord Genuity Group increased their price objective on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$24.55.

Peyto Exploration & Development Stock Up 2.1%

PEY opened at C$28.63 on Thursday. The stock has a market capitalization of C$5.78 billion, a price-to-earnings ratio of 15.56, a PEG ratio of -0.46 and a beta of -0.20. The firm has a 50 day moving average price of C$24.90 and a 200-day moving average price of C$21.99. Peyto Exploration & Development has a twelve month low of C$14.60 and a twelve month high of C$29.00. The company has a quick ratio of 0.32, a current ratio of 0.98 and a debt-to-equity ratio of 41.44.

Insiders Place Their Bets

In related news, insider Riley Millar Frame purchased 11,500 shares of the business’s stock in a transaction on Monday, December 15th. The stock was acquired at an average price of C$22.78 per share, with a total value of C$261,970.00. Following the completion of the acquisition, the insider owned 128,877 shares of the company’s stock, valued at approximately C$2,935,818.06. This trade represents a 9.80% increase in their position. Company 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.