Peyto Exploration & Development (TSE:PEY) PT Raised to C$17.00

Peyto Exploration & Development (TSE:PEY) had its price objective hoisted by Canaccord Genuity Group from C$16.50 to C$17.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 14.71% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Peyto Exploration & Development from C$16.00 to C$16.50 in a research report on Monday, March 11th. National Bankshares cut their target price on Peyto Exploration & Development from C$17.50 to C$15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. Scotiabank lowered their price target on Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. ATB Capital set a C$15.00 price objective on Peyto Exploration & Development and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, BMO Capital Markets increased their target price on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a report on Monday, March 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.14.

Peyto Exploration & Development Trading Down 0.8 %

Shares of TSE:PEY opened at C$14.82 on Wednesday. The business’s 50 day simple moving average is C$14.44 and its 200 day simple moving average is C$13.60. Peyto Exploration & Development has a 1 year low of C$10.38 and a 1 year high of C$15.68. The company has a debt-to-equity ratio of 51.67, a current ratio of 1.75 and a quick ratio of 0.32. The company has a market capitalization of C$2.87 billion, a P/E ratio of 9.15, a P/E/G ratio of -0.46 and a beta of 1.83.

Insider Buying and Selling at Peyto Exploration & Development

In related news, Senior Officer Derick Nathan Czember sold 21,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of C$13.00, for a total transaction of C$273,000.00. In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 21,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of C$13.00, for a total value of C$273,000.00. Also, Director Jean-Paul Henri Lachance sold 35,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total transaction of C$509,250.00. Over the last quarter, insiders have sold 129,700 shares of company stock valued at $1,846,840. 2.51% of the stock is currently owned by insiders.

About Peyto Exploration & Development

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.