Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Consensus "Moderate Buy": Nine analysts cover PEY with a consensus rating of Moderate Buy (4 holds, 4 buys, 1 strong buy) and an average 12‑month target of C$24.55, while several brokers have recently raised price targets (highest reported C$31 by Desjardins).
• Shares trade around C$26.11—above the consensus target—within a 1‑year range of C$17.19–C$29.22; the company reported C$0.61 EPS and C$355.0M revenue last quarter, with a P/E of 12.67 and market cap of C$5.35B.
• Insider buying has increased recently: two directors purchased shares (5,000 and 3,000 respectively) and insiders acquired 9,550 shares over the past 90 days, representing about 2.36% insider ownership.

Shares of Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$24.55.

A number of brokerages recently weighed in on PEY. Canadian Imperial Bank of Commerce raised Peyto Exploration & Development from a "hold" rating to an "outperform" rating and raised their price objective for the company from C$21.00 to C$25.00 in a research report on Tuesday, January 13th. TD Securities downgraded Peyto Exploration & Development from a "buy" rating to a "hold" rating and set a C$25.00 price objective on the stock. in a research report on Friday, February 20th. Royal Bank Of Canada raised their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a "sector perform" rating in a research report on Friday, February 20th. Scotiabank raised their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a report on Wednesday, January 21st. Finally, Desjardins raised their price target on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a "buy" rating in a report on Thursday, March 12th.

Peyto Exploration & Development Price Performance

Shares of PEY stock opened at C$26.11 on Friday. Peyto Exploration & Development has a 1-year low of C$17.19 and a 1-year high of C$29.22. The stock's 50-day moving average is C$26.39 and its 200 day moving average is C$23.87. The company has a market cap of C$5.35 billion, a P/E ratio of 12.67, a PEG ratio of -0.46 and a beta of -0.18. The company has a debt-to-equity ratio of 41.44, a current ratio of 0.98 and a quick ratio of 0.32.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 10th. The company reported C$0.61 earnings per share for the quarter. Peyto Exploration & Development had a return on equity of 15.30% and a net margin of 38.72%.The company had revenue of C$355.02 million for the quarter.

Insiders Place Their Bets

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance purchased 5,000 shares of the stock in a transaction on Friday, April 17th. The stock was acquired at an average price of C$23.73 per share, with a total value of C$118,650.00. Following the completion of the acquisition, the director owned 529,401 shares in the company, valued at C$12,562,685.73. The trade was a 0.95% increase in their ownership of the stock. Also, Director Stephen Jonathan Chetner purchased 3,000 shares of the stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of C$28.49 per share, with a total value of C$85,470.00. Following the acquisition, the director owned 143,748 shares of the company's stock, valued at approximately C$4,095,380.52. This represents a 2.13% increase in their position. Over the last 90 days, insiders acquired 9,550 shares of company stock valued at $241,429. 2.36% of the stock is currently owned by corporate 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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