Peyto Exploration & Development Corp. (TSE:PEY) Given Average Rating of "Hold" by Brokerages

Key Points

• Peyto Exploration & Development Corp. has received an average rating of "Hold" from nine analysts, with five recommending a hold and four a buy.
• CIBC has raised their price target for Peyto's shares from C$19.25 to C$21.00, while the average 12-month price target among brokers is C$21.44.
• Insider trading activity included a sale of 26,000 shares by Michael Richard Collens and the acquisition of 5,500 shares by Crissy Rafoss, reflecting significant movements in insider ownership.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) has been given an average recommendation of "Hold" by the nine analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$21.44.

Separately, CIBC boosted their price target on shares of Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday.

Insider Activity at Peyto Exploration & Development

In related news, insider Michael Richard Collens sold 26,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of C$18.80, for a total transaction of C$488,800.00. Following the completion of the transaction, the insider owned 25,000 shares in the company, valued at approximately C$470,000. The trade was a 50.98% decrease in their ownership of the stock. Also, insider Crissy Rafoss acquired 5,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were purchased at an average price of C$18.51 per share, with a total value of C$101,805.00. Following the acquisition, the insider owned 5,500 shares of the company's stock, valued at approximately C$101,805. This trade represents a ∞ increase in their position. Over the last 90 days, insiders bought 14,450 shares of company stock worth $267,380. 2.36% of the stock is currently owned by company insiders.

Peyto Exploration & Development Trading Up 1.4%

Shares of PEY traded up C$0.26 on Wednesday, reaching C$19.10. 389,309 shares of the company's stock were exchanged, compared to its average volume of 865,054. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. The stock has a market capitalization of C$3.83 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of -0.46 and a beta of 0.00. The business has a 50 day moving average price of C$18.74 and a two-hundred day moving average price of C$18.70. Peyto Exploration & Development has a 12 month low of C$14.57 and a 12 month high of C$21.12.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.