Peyto Exploration & Development Corp. (TSE:PEY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Peyto Exploration & Development Corp. (TSE:PEYGet Free Report) have received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$16.59.

Several research analysts have commented on the stock. Stifel Nicolaus lifted their price target on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Desjardins boosted their price target on shares of Peyto Exploration & Development from C$13.50 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Scotiabank raised their price objective on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. CIBC boosted their target price on Peyto Exploration & Development from C$16.00 to C$17.50 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. Finally, Canaccord Genuity Group raised their price target on Peyto Exploration & Development from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th.

Read Our Latest Report on PEY

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at C$15.56 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.32 and a debt-to-equity ratio of 50.61. The company has a market cap of C$3.03 billion, a price-to-earnings ratio of 9.60, a PEG ratio of -0.46 and a beta of 1.85. Peyto Exploration & Development has a 12 month low of C$10.38 and a 12 month high of C$15.99. The business’s 50 day simple moving average is C$15.21 and its 200 day simple moving average is C$13.83.

Insider Buying and Selling

In other news, Director Jean-Paul Henri Lachance sold 18,364 shares of the business’s stock in a transaction on Monday, May 27th. The shares were sold at an average price of C$15.45, for a total value of C$283,723.80. In related news, Senior Officer Riley Millar Frame sold 29,900 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$15.81, for a total transaction of C$472,719.00. Also, Director Jean-Paul Henri Lachance sold 18,364 shares of the firm’s stock in a transaction that occurred on Monday, May 27th. The shares were sold at an average price of C$15.45, for a total value of C$283,723.80. In the last three months, insiders have sold 156,964 shares of company stock valued at $2,330,283. Corporate insiders own 2.37% of the company’s stock.

About Peyto Exploration & Development

(Get Free Report

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.

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Analyst Recommendations for Peyto Exploration & Development (TSE:PEY)

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