Peyto Exploration & Development (TSE:PEY) PT Set at C$22.00 by Raymond James

Peyto Exploration & Development (TSE:PEY - Get Free Report) received a C$22.00 price target from Raymond James in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Raymond James' price target would suggest a potential upside of 31.19% from the stock's previous close.

Several other research firms have also issued reports on PEY. CIBC boosted their target price on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. Desjardins boosted their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a "hold" rating in a report on Thursday, March 13th. TD Securities increased their target price on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, BMO Capital Markets upgraded Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from C$18.50 to C$19.50 in a report on Monday, March 24th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$19.10.

Peyto Exploration & Development Trading Up 4.8 %

Shares of PEY traded up C$0.77 on Tuesday, reaching C$16.77. 1,119,540 shares of the company's stock were exchanged, compared to its average volume of 959,415. The business has a 50 day moving average price of C$16.49 and a two-hundred day moving average price of C$16.18. Peyto Exploration & Development has a 12 month low of C$13.40 and a 12 month high of C$18.58. The stock has a market capitalization of C$3.33 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance purchased 5,000 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average price of C$15.85 per share, with a total value of C$79,250.00. Also, Senior Officer Todd Burdick acquired 2,150 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was acquired at an average price of C$16.35 per share, for a total transaction of C$35,153.58. Over the last ninety days, insiders purchased 12,150 shares of company stock worth $196,654 and sold 126,509 shares worth $2,072,231. Corporate insiders own 2.36% of the company's stock.

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.