Peyto Exploration & Development (TSE:PEY) Stock Price Expected to Rise, CIBC Analyst Says

Peyto Exploration & Development (TSE:PEY) had its price target hoisted by CIBC from C$17.00 to C$17.50 in a report released on Friday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 7.69% from the company’s previous close.

Several other research firms have also weighed in on PEY. BMO Capital Markets increased their target price on Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday. Atlantic Securities increased their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research note on Monday, October 7th. TD Securities cut their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, National Bankshares increased their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Peyto Exploration & Development presently has a consensus rating of “Buy” and an average price target of C$17.85.

Peyto Exploration & Development Trading Down 0.9 %

Shares of PEY traded down C$0.14 during trading hours on Friday, hitting C$16.25. 676,160 shares of the stock traded hands, compared to its average volume of 837,433. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development has a 1-year low of C$12.41 and a 1-year high of C$17.57. The firm has a market capitalization of C$3.18 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The business has a fifty day moving average of C$16.41 and a 200-day moving average of C$15.35.

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 62,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of C$16.18, for a total value of C$1,002,936.80. Also, Senior Officer Todd Burdick sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of C$17.16, for a total value of C$411,888.00. Over the last 90 days, insiders have acquired 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 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.