Peyto Exploration & Development (TSE:PEY) Price Target Raised to C$17.00

Peyto Exploration & Development (TSE:PEY - Free Report) had its price target raised by Canaccord Genuity Group from C$16.50 to C$17.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. ATB Capital set a C$15.00 target price on Peyto Exploration & Development and gave the stock an outperform rating in a report on Friday, February 16th. National Bankshares cut their price target on Peyto Exploration & Development from C$17.50 to C$15.00 and set an outperform rating on the stock in a research note on Wednesday, January 10th. Scotiabank cut their price target on Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating on the stock in a research note on Tuesday, January 16th. BMO Capital Markets upped their price target on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the company a market perform rating in a research note on Monday, March 11th. Finally, Stifel Nicolaus upped their price target on Peyto Exploration & Development from C$16.00 to C$16.50 in a research note on Monday, March 11th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Peyto Exploration & Development has an average rating of Moderate Buy and an average target price of C$16.14.

Peyto Exploration & Development Price Performance

Shares of PEY stock traded up C$0.26 during trading hours on Wednesday, hitting C$14.94. 1,053,523 shares of the company's stock were exchanged, compared to its average volume of 797,047. The stock's 50-day moving average is C$14.40 and its 200-day moving average is C$13.59. The company has a debt-to-equity ratio of 51.67, a current ratio of 1.75 and a quick ratio of 0.32. The stock has a market cap of C$2.89 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of -0.46 and a beta of 1.83. Peyto Exploration & Development has a 52 week low of C$10.38 and a 52 week high of C$15.68.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 35,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total value of C$509,250.00. In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 35,000 shares of the stock in a transaction dated 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 firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$14.50, for a total value of C$39,150.00. Over the last quarter, insiders have sold 164,700 shares of company stock valued at $2,298,340. 2.51% of the stock is currently owned by company insiders.

About Peyto Exploration & Development

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.