Peyto Exploration & Development (TSE:PEY) PT Lowered to C$18.00

Peyto Exploration & Development (TSE:PEY) had its price objective dropped by TD Securities from C$19.00 to C$18.00 in a report issued on Tuesday, BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 15.68% from the stock’s previous close.

Several other brokerages have also weighed in on PEY. National Bankshares increased their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday. Scotiabank raised shares of Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 14th. Finally, CIBC dropped their price objective on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$17.50.

Peyto Exploration & Development Stock Performance

TSE PEY traded up C$0.16 on Tuesday, hitting C$15.56. 1,577,065 shares of the stock were exchanged, compared to its average volume of 908,065. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. The business’s fifty day moving average is C$14.48 and its 200 day moving average is C$14.82. Peyto Exploration & Development has a 52 week low of C$11.09 and a 52 week high of C$15.99. The company has a market capitalization of C$3.04 billion, a PE ratio of 10.04, a P/E/G ratio of -0.46 and a beta of 1.76.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.01). The company had revenue of C$256.55 million during the quarter, compared to the consensus estimate of C$257.10 million. Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%. Research analysts anticipate that Peyto Exploration & Development will post 2.5599315 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Todd Burdick sold 57,810 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$14.41, for a total transaction of C$832,845.55. In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$14.75, for a total transaction of C$516,250.00. Also, Senior Officer Todd Burdick sold 57,810 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$14.41, for a total transaction of C$832,845.55. In the last three months, insiders have purchased 41,775 shares of company stock worth $608,667 and have sold 267,641 shares worth $3,893,311. 2.37% of the stock is currently owned by corporate insiders.

Peyto Exploration & Development Company Profile

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.