Peyto Exploration & Development (TSE:PEY) Price Target Raised to C$18.00 at Stifel Nicolaus

Peyto Exploration & Development (TSE:PEY - Free Report) had its target price lifted by Stifel Nicolaus from C$16.25 to C$18.00 in a report issued on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

PEY has been the subject of a number of other research reports. National Bankshares decreased their target price on shares of Peyto Exploration & Development from C$17.50 to C$15.00 and set an outperform rating for the company in a research report on Wednesday, January 10th. ATB Capital set a C$15.00 target price on shares of Peyto Exploration & Development and gave the company an outperform rating in a research report on Friday, February 16th. Scotiabank decreased their target price on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating for the company in a research report on Tuesday, January 16th. BMO Capital Markets increased their target price on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the company a market perform rating in a research report on Monday, March 11th. Finally, Desjardins decreased their target price on shares of Peyto Exploration & Development from C$14.00 to C$13.50 and set a hold rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$16.27.

Peyto Exploration & Development Stock Up 1.9 %

Shares of PEY traded up C$0.28 during mid-day trading on Tuesday, hitting C$15.30. The company's stock had a trading volume of 1,101,395 shares, compared to its average volume of 791,915. The company's 50-day moving average is C$14.58 and its 200-day moving average is C$13.64. Peyto Exploration & Development has a 52-week low of C$10.38 and a 52-week high of C$15.68. The firm has a market capitalization of C$2.96 billion, a price-to-earnings ratio of 9.44, 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.

Insider Activity at Peyto Exploration & Development

In related news, Senior Officer Todd Burdick sold 24,000 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$14.30, for a total transaction of C$343,200.00. In other Peyto Exploration & Development news, Senior Officer Riley Millar Frame sold 19,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$14.48, for a total transaction of C$275,120.00. Also, Senior Officer Todd Burdick sold 24,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$14.30, for a total transaction of C$343,200.00. Over the last quarter, insiders have sold 108,700 shares of company stock worth $1,573,840. 2.51% of the stock is 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.