Peyto Exploration & Development (TSE:PEY) Price Target Raised to C$20.00

Peyto Exploration & Development (TSE:PEY) had its price objective increased by TD Securities from C$19.00 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 19.83% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. CIBC upped their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. BMO Capital Markets upped their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$18.39.

Peyto Exploration & Development Stock Performance

PEY stock traded up C$0.22 during mid-day trading on Friday, reaching C$16.69. 514,243 shares of the stock traded hands, compared to its average volume of 780,974. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. Peyto Exploration & Development has a 52 week low of C$13.40 and a 52 week high of C$17.57. The business has a 50-day moving average of C$16.35 and a two-hundred day moving average of C$15.59. The firm has a market capitalization of C$3.31 billion, a PE ratio of 11.25, a P/E/G ratio of -0.46 and a beta of 1.75.

Insider Activity at Peyto Exploration & Development

In related news, Senior Officer Tavis Aaron Carlson purchased 3,260 shares of the stock in a transaction on Wednesday, December 4th. The shares were purchased at an average cost of C$15.90 per share, with a total value of C$51,834.00. Also, Director Jean-Paul Henri Lachance sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$16.75, for a total transaction of C$75,375.00. In the last ninety days, insiders bought 29,010 shares of company stock worth $463,552 and sold 280,371 shares worth $4,640,525. 2.36% of the stock is currently owned by company insiders.

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.