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

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been given an average recommendation of “Buy” by the eight analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$18.39.

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

Peyto Exploration & Development Stock Performance

Shares of PEY stock opened at C$16.23 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. The firm has a fifty day moving average price of C$16.40 and a 200 day moving average price of C$15.65. The company has a market cap of C$3.22 billion, a P/E ratio of 10.94, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 12 month low of C$13.40 and a 12 month high of C$17.57.

Insider Buying and Selling

In related news, Director Jean-Paul Henri Lachance purchased 5,000 shares of the business’s stock in a transaction on Friday, January 31st. The shares were bought at an average price of C$15.85 per share, with a total value of C$79,250.00. Also, Senior Officer Tavis Aaron Carlson purchased 3,260 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were bought at an average cost of C$15.90 per share, for a total transaction of C$51,834.00. Over the last 90 days, insiders have bought 29,010 shares of company stock worth $463,552 and have sold 275,871 shares worth $4,565,150. 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.