Peyto Exploration & Development Corp. (TSE:PEY) Stock Has Average Price Target of C$27.19 According to Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on Peyto Exploration & Development, with three buys, one strong buy and three holds. The average 12-month price target is C$27.19, while recent targets range up to C$31.00.
• Insiders have sold 90,229 shares worth approximately $2.28 million over the past 90 days, reducing insider ownership to 2.36% of the company.
• Peyto shares recently rose 0.7% to C$25.53. The company reported quarterly EPS of C$0.50 on revenue of C$340.45 million, with a 39.78% net margin and 16.96% return on equity.

Shares of Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$27.19.

PEY has been the subject of a number of research analyst reports. National Bank Financial boosted their price target on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an "outperform" rating in a report on Wednesday, July 8th. Scotiabank upgraded Peyto Exploration & Development to a "hold" rating in a research note on Friday, June 26th. Finally, Ventum Financial set a C$31.00 price objective on shares of Peyto Exploration & Development and gave the stock a "buy" rating in a report on Friday.

Insider Activity at Peyto Exploration & Development

In other news, insider Riley Millar Frame sold 27,000 shares of Peyto Exploration & Development 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 completion of the transaction, the insider directly owned 145,510 shares of the company's stock, valued at approximately C$3,613,013.30. The trade was a 15.65% decrease in their position. Also, Director Stephen Jonathan Chetner sold 2,229 shares of Peyto Exploration & Development stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$25.18, for a total transaction of C$56,126.22. Following the completion of the transaction, the director directly owned 97,805 shares of the company's stock, valued at C$2,462,729.90. This trade represents a 2.23% decrease in their ownership of the stock. Insiders sold 90,229 shares of company stock valued at $2,275,786 in the last ninety days. 2.36% of the stock is owned by insiders.

Peyto Exploration & Development Stock Up 0.7%

TSE:PEY traded up C$0.18 during mid-day trading on Friday, reaching C$25.53. The stock had a trading volume of 601,837 shares, compared to its average volume of 850,938. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. The company has a market capitalization of C$5.23 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of -0.46 and a beta of -0.23. Peyto Exploration & Development has a 1-year low of C$19.91 and a 1-year high of C$29.22. The stock's 50 day simple moving average is C$24.55 and its two-hundred day simple moving average is C$24.91.

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