Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have earned a consensus rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$18.39.

A number of research analysts recently weighed in on PEY shares. TD Securities raised their target price on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, February 21st. CIBC raised their price target on Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. Finally, BMO Capital Markets upped their target price on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th.

Insider Activity at Peyto Exploration & Development

In related news, Director Jean-Paul Henri Lachance bought 5,000 shares of the business’s stock in a transaction on Friday, January 31st. The shares were purchased at an average price of C$15.85 per share, for a total transaction of C$79,250.00. Also, Senior Officer Tavis Aaron Carlson sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$17.35, for a total value of C$433,750.00. Over the last quarter, insiders purchased 29,010 shares of company stock valued at $463,552 and sold 275,871 shares valued at $4,565,150. 2.36% of the stock is owned by insiders.

Peyto Exploration & Development Stock Performance

Shares of Peyto Exploration & Development stock opened at C$15.24 on Thursday. The firm has a market cap of C$3.03 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a one year low of C$13.40 and a one year high of C$17.57. The stock’s 50-day moving average is C$16.40 and its 200-day moving average is C$15.70. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32.

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.