Stephen Jonathan Chetner Buys 3,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner purchased 3,000 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average price of C$28.49 per share, with a total value of C$85,470.00. Following the completion of the acquisition, the director owned 143,748 shares of the company’s stock, valued at approximately C$4,095,380.52. The trade was a 2.13% increase in their ownership of the stock.

Peyto Exploration & Development Stock Performance

Shares of Peyto Exploration & Development stock opened at C$25.74 on Monday. Peyto Exploration & Development Corp. has a 1 year low of C$14.60 and a 1 year high of C$29.22. The company’s fifty day simple moving average is C$26.47 and its 200-day simple moving average is C$23.06. The company has a market cap of C$5.23 billion, a price-to-earnings ratio of 12.50, a PEG ratio of -0.46 and a beta of -0.18. The company has a current ratio of 0.98, a quick ratio of 0.32 and a debt-to-equity ratio of 41.44.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce upgraded shares of Peyto Exploration & Development from a “hold” rating to an “outperform” rating and increased their target price for the company from C$21.00 to C$25.00 in a research note on Tuesday, January 13th. TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target for the company. in a report on Friday, February 20th. Scotiabank boosted their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Desjardins raised their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada lifted their price target on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.55.

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.