Peyto Exploration & Development (TSE:PEY) Sets New 52-Week High at $15.68

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s share price hit a new 52-week high on Friday . The company traded as high as C$15.68 and last traded at C$15.58, with a volume of 199606 shares traded. The stock had previously closed at C$15.49.

Analysts Set New Price Targets

A number of analysts have weighed in on PEY shares. National Bankshares decreased their price target on Peyto Exploration & Development from C$17.50 to C$15.00 and set an "outperform" rating for the company in a report on Wednesday, January 10th. Scotiabank decreased their price target on Peyto Exploration & Development from C$23.00 to C$20.00 and set an "outperform" rating for the company in a report on Tuesday, January 16th. Stifel Nicolaus increased their price target on Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a "buy" rating in a report on Tuesday. Canaccord Genuity Group increased their price target on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. Finally, Desjardins decreased their price target on Peyto Exploration & Development from C$14.00 to C$13.50 and set a "hold" rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Peyto Exploration & Development has a consensus rating of "Moderate Buy" and an average price target of C$16.27.

Peyto Exploration & Development Stock Performance

The firm has a market cap of C$2.99 billion, a P/E ratio of 9.54, a PEG ratio of -0.46 and a beta of 1.83. The company has a current ratio of 1.75, a quick ratio of 0.32 and a debt-to-equity ratio of 51.67. The company's 50-day moving average is C$14.68 and its two-hundred day moving average is C$13.66.

Insider Activity at Peyto Exploration & Development

In related news, Director Stephen Jonathan Chetner sold 2,700 shares of the firm's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$14.50, for a total value of C$39,150.00. In other news, Director Jean-Paul Henri Lachance sold 35,000 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total value of C$509,250.00. Also, Director Stephen Jonathan Chetner sold 2,700 shares of the business's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$14.50, for a total value of C$39,150.00. In the last quarter, insiders have sold 108,700 shares of company stock valued at $1,573,840. 2.51% of the stock is owned by corporate insiders.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.