Peyto Exploration & Development Corp. (TSE:PEY) Receives Average Recommendation of "Buy" from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) has been given a consensus rating of "Buy" by the seven research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$19.22.

A number of equities analysts have recently issued reports on PEY shares. CIBC increased their price target on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. Desjardins raised their price objective on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a "hold" rating in a research report on Thursday, March 13th. Raymond James set a C$22.00 price target on shares of Peyto Exploration & Development and gave the company an "outperform" rating in a report on Tuesday, April 8th. BMO Capital Markets upgraded shares of Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from C$18.50 to C$19.50 in a research note on Monday, March 24th. Finally, TD Securities boosted their price objective on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research note on Friday, February 21st.

Peyto Exploration & Development Stock Up 0.2 %

Shares of PEY traded up C$0.03 during midday trading on Friday, reaching C$17.98. 79,276 shares of the stock were exchanged, compared to its average volume of 936,197. Peyto Exploration & Development has a 52 week low of C$13.40 and a 52 week high of C$18.58. 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 company's 50 day moving average is C$16.72 and its two-hundred day moving average is C$16.30. The company has a market capitalization of C$3.57 billion, a P/E ratio of 12.12, a PEG ratio of -0.46 and a beta of 1.75.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance acquired 5,000 shares of the business's stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of C$15.85 per share, for a total transaction of C$79,250.00. Also, Director Stephen Jonathan Chetner sold 7,012 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of C$15.99, for a total transaction of C$112,145.72. 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.