CIBC Raises Peyto Exploration & Development (TSE:PEY) Price Target to C$17.50

Peyto Exploration & Development (TSE:PEY) had its target price raised by research analysts at CIBC from C$17.00 to C$17.50 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 6.90% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. National Bankshares boosted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. BMO Capital Markets upped their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday, January 14th. TD Securities cut their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, Atlantic Securities increased their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Monday, October 7th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$17.85.

Peyto Exploration & Development Stock Performance

Peyto Exploration & Development stock opened at C$16.37 on Friday. The company’s 50-day moving average price is C$16.43 and its 200-day moving average price is C$15.36. Peyto Exploration & Development has a twelve month low of C$12.41 and a twelve month high of C$17.57. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The company has a market cap of C$3.20 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Insider Buying and Selling at Peyto Exploration & Development

In related news, Director Stephen Jonathan Chetner acquired 4,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of C$15.31 per share, for a total transaction of C$61,244.00. Also, Senior Officer Tavis Aaron Carlson sold 21,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$15.57, for a total transaction of C$326,900.70. In the last three months, insiders have bought 20,860 shares of company stock valued at $328,142 and have sold 352,562 shares valued at $5,843,683. 2.36% 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.