Peyto Exploration & Development Corp. (TSE:PEY) Receives C$24.55 Average PT from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$24.55.

PEY has been the subject of several research analyst reports. Royal Bank Of Canada increased their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Desjardins increased their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Canadian Imperial Bank of Commerce raised Peyto Exploration & Development from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$21.00 to C$25.00 in a report 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 research note on Friday, February 20th. Finally, Scotiabank upped their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st.

Peyto Exploration & Development Price Performance

PEY stock opened at C$25.55 on Wednesday. The company has a market capitalization of C$5.20 billion, a P/E ratio of 12.40, a PEG ratio of -0.46 and a beta of -0.18. Peyto Exploration & Development has a twelve month low of C$15.82 and a twelve month high of C$29.22. The business has a 50 day simple moving average of C$26.59 and a 200-day simple moving average of C$23.25. The company has a current ratio of 0.98, a quick ratio of 0.32 and a debt-to-equity ratio of 41.44.

Insider Activity at Peyto Exploration & Development

In related news, Director Stephen Jonathan Chetner purchased 3,000 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average price of C$28.49 per share, for a total transaction of C$85,470.00. Following the completion of the purchase, the director directly owned 143,748 shares of the company’s stock, valued at C$4,095,380.52. This trade represents a 2.13% increase in their ownership of the stock. 2.36% of the stock is owned by company insiders.

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.