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

Key Points

• Analysts have a “Moderate Buy” consensus on Peyto Exploration & Development, with two buy ratings, one strong-buy rating and three holds. The average 12-month price target is C$26.64, while National Bank raised its target to C$30.00.
• Company insiders sold 218,229 shares worth approximately C$5.38 million over the past 90 days, leaving insiders with ownership of 2.36% of the stock.
• Peyto reported quarterly revenue of C$340.45 million and earnings of C$0.50 per share, alongside a 39.78% net margin and 16.96% return on equity. Shares recently opened at C$24.39, within a 52-week range of C$17.92 to C$29.22.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$26.64.

Several analysts have weighed in on PEY shares. National Bank Financial upped their price objective on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. Scotiabank upgraded shares of Peyto Exploration & Development to a "hold" rating in a research note on Friday, June 26th.

Insider Activity at Peyto Exploration & Development

In related news, insider Riley Millar Frame sold 27,000 shares of Peyto Exploration & Development stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$24.83, for a total value of C$670,410.00. Following the completion of the transaction, the insider directly owned 145,510 shares of the company's stock, valued at C$3,613,013.30. The trade was a 15.65% decrease in their ownership of the stock. Also, insider Crissy Rafoss sold 8,000 shares of the stock in a transaction dated 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 sale, the insider directly owned 26,868 shares in the company, valued at approximately C$673,043.40. This represents a 22.94% decrease in their position. In the last ninety days, insiders have sold 218,229 shares of company stock valued at $5,379,686. 2.36% of the stock is currently owned by company insiders.

Peyto Exploration & Development Price Performance

Shares of TSE:PEY opened at C$24.39 on Monday. The company's fifty day moving average is C$24.97 and its 200-day moving average is C$25.47. 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 has a 52 week low of C$17.92 and a 52 week high of C$29.22. The company has a market capitalization of C$5.00 billion, a PE ratio of 10.21, a P/E/G ratio of -0.46 and a beta of -0.48.

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

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.

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