Stifel Nicolaus Increases Peyto Exploration & Development (TSE:PEY) Price Target to C$18.00

Peyto Exploration & Development (TSE:PEY) had its price objective hoisted by investment analysts at Stifel Nicolaus from C$16.25 to C$18.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 15.61% from the stock’s current price.

PEY has been the subject of a number of other reports. BMO Capital Markets increased their price objective on 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. Desjardins decreased their price objective on Peyto Exploration & Development from C$14.00 to C$13.50 and set a “hold” rating for the company in a report on Tuesday. Scotiabank decreased 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 research note on Tuesday, January 16th. Canaccord Genuity Group increased their price target on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, ATB Capital set a C$15.00 price target on Peyto Exploration & Development and gave the company an “outperform” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Peyto Exploration & Development presently has an average rating of “Moderate Buy” and a consensus price target of C$16.27.

Peyto Exploration & Development Stock Performance

Shares of PEY stock opened at C$15.57 on Tuesday. Peyto Exploration & Development has a 12-month low of C$10.38 and a 12-month high of C$15.68. The firm has a market capitalization of C$3.02 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of -0.46 and a beta of 1.83. The business has a 50 day simple moving average of C$14.58 and a 200 day simple moving average of C$13.64. The company has a debt-to-equity ratio of 51.67, a current ratio of 1.75 and a quick ratio of 0.32.

Insider Activity

In other news, Director Stephen Jonathan Chetner sold 2,700 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$14.50, for a total transaction of C$39,150.00. In other news, Director Stephen Jonathan Chetner sold 2,700 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$14.50, for a total value of C$39,150.00. Also, Director Jean-Paul Henri Lachance sold 35,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$14.55, for a total value of C$509,250.00. In the last 90 days, insiders sold 108,700 shares of company stock worth $1,573,840. Insiders own 2.51% of the company’s stock.

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.