Peyto Exploration & Development (TSE:PEY) Stock Price Expected to Rise, TD Securities Analyst Says

Peyto Exploration & Development (TSE:PEY) had its price objective hoisted by investment analysts at TD Securities from C$19.00 to C$20.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 20.70% from the stock’s previous close.

A number of other research analysts also recently issued reports on PEY. CIBC boosted their price target on Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. BMO Capital Markets boosted their price target on Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$18.39.

Peyto Exploration & Development Price Performance

TSE PEY opened at C$16.57 on Friday. Peyto Exploration & Development has a 12 month low of C$13.40 and a 12 month high of C$17.57. The stock has a market cap of C$3.29 billion, a price-to-earnings ratio of 11.17, a PEG ratio of -0.46 and a beta of 1.75. The company’s 50 day moving average is C$16.36 and its two-hundred day moving average is C$15.60. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96.

Insider Transactions at Peyto Exploration & Development

In other news, Senior Officer Tavis Aaron Carlson purchased 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of C$15.38 per share, for a total transaction of C$50,754.00. Also, Senior Officer Todd Burdick purchased 2,150 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average price of C$16.35 per share, with a total value of C$35,153.58. In the last three months, insiders acquired 29,010 shares of company stock valued at $463,552 and sold 280,371 shares valued at $4,640,525. Corporate insiders own 2.36% of the company’s stock.

About Peyto Exploration & Development

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.