Peyto Exploration & Development Corp. (TSE:PEY) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Peyto Exploration & Development a “Moderate Buy” consensus: Of six analysts, three recommend holding, two recommend buying, and one gives a strong-buy rating. The average 12-month price target is C$26.64.
• National Bank Financial raised its price target to C$30.00 and maintained an “outperform” rating, while Scotiabank recently upgraded the stock to “hold.” Shares opened at C$24.95 and were trading near their 50-day moving average.
• Peyto reported quarterly EPS of C$0.50 on C$340.45 million in revenue, with a 39.78% net margin and 16.96% return on equity. Insiders have sold approximately C$9.06 million worth of shares over the past three months.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$26.64.

Several analysts recently issued reports on PEY shares. National Bank Financial boosted their target price on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research report on Wednesday, July 8th. Scotiabank upgraded shares of Peyto Exploration & Development to a "hold" rating in a research report on Friday, June 26th.

Peyto Exploration & Development Trading Up 1.3%

Shares of TSE:PEY opened at C$24.95 on Thursday. The stock's 50-day simple moving average is C$24.71 and its two-hundred day simple moving average is C$25.60. The stock has a market capitalization of C$5.11 billion, a price-to-earnings ratio of 10.44, a PEG ratio of -0.46 and a beta of -0.51. Peyto Exploration & Development has a 52-week low of C$17.92 and a 52-week high of C$29.22. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.32 and a current ratio of 1.63.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.50 EPS for the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%. The firm had revenue of C$340.45 million during the quarter.

Insider Transactions at Peyto Exploration & Development

In related news, insider Crissy Rafoss sold 8,000 shares of Peyto Exploration & Development stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of C$25.05, for a total transaction of C$200,400.00. Following the transaction, the insider directly owned 26,868 shares in the company, valued at approximately C$673,043.40. The trade was a 22.94% decrease in their ownership of the stock. Also, insider Riley Millar Frame sold 27,000 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$24.83, for a total value of C$670,410.00. Following the sale, the insider directly owned 145,510 shares of the company's stock, valued at C$3,613,013.30. This represents a 15.65% decrease in their position. Insiders sold a total of 362,909 shares of company stock worth $9,056,232 over the last three months. 2.36% of the stock is currently owned by insiders.

About Peyto Exploration & Development

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.

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