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

Peyto Exploration & Development Corp. (TSE:PEY) has received an average rating of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$18.39.

Several research analysts have commented on the stock. CIBC lifted their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. TD Securities lifted 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. Finally, BMO Capital Markets upped their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th.

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$15.41 on Thursday. The company has a market capitalization of C$3.06 billion, a price-to-earnings ratio of 10.39, a PEG ratio of -0.46 and a beta of 1.75. The business has a 50 day moving average of C$16.38 and a 200 day moving average of C$15.71. 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 has a 1-year low of C$13.40 and a 1-year high of C$17.57.

Insiders Place Their Bets

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance bought 5,000 shares of Peyto Exploration & Development stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of C$15.85 per share, with a total value of C$79,250.00. Also, Senior Officer Derick Nathan Czember sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$16.40, for a total value of C$180,400.00. In the last quarter, insiders have bought 25,750 shares of company stock valued at $411,718 and have sold 221,871 shares valued at $3,701,150. Insiders own 2.36% of the company’s stock.

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.