Peyto Exploration & Development (TSE:PEY) Price Target Cut to C$13.50

Peyto Exploration & Development (TSE:PEY - Get Free Report) had its target price lowered by research analysts at Desjardins from C$14.00 to C$13.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Desjardins' price target indicates a potential downside of 11.76% from the company's previous close.

Other equities research analysts have also issued research reports about the company. ATB Capital set a C$15.00 price target on Peyto Exploration & Development and gave the company an "outperform" rating in a research report on Friday, February 16th. 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 research report on Tuesday, January 16th. Stifel Nicolaus raised their target price on Peyto Exploration & Development from C$16.00 to C$16.50 in a research report on Monday, March 11th. National Bankshares cut 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. Finally, Canaccord Genuity Group raised 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of "Moderate Buy" and an average target price of C$16.27.

Peyto Exploration & Development Price Performance

Shares of TSE:PEY traded up C$0.28 during trading on Tuesday, reaching C$15.30. 1,101,395 shares of the company traded hands, compared to its average volume of 791,915. The company's 50 day moving average is C$14.58 and its two-hundred 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 PE ratio of 9.44, a PEG ratio of -0.46 and a beta of 1.83. The company has a quick ratio of 0.32, a current ratio of 1.75 and a debt-to-equity ratio of 51.67.

Insider Buying and Selling

In other news, Senior Officer Todd Burdick sold 24,000 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was 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 Todd Burdick sold 24,000 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$14.30, for a total value of C$343,200.00. Also, Director Jean-Paul Henri Lachance sold 35,000 shares of the firm's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total transaction of C$509,250.00. In the last three months, insiders have sold 108,700 shares of company stock valued at $1,573,840. 2.51% of the stock is owned by company 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.