Peyto Exploration & Development - PEY Stock Forecast, Price & News

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. As of December 31, 2021, it had a total proved plus probable reserves of 904 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp. in January 2011. Peyto Exploration & Development Corp. was founded in 1998 and is headquartered in Calgary, Canada.

Analyst Upgrades and Downgrades

PEY has been the subject of several research analyst reports. CIBC cut their target price on shares of Peyto Exploration & Development from C$22.00 to C$19.00 in a research note on Wednesday, July 13th. National Bankshares reduced their target price on shares of Peyto Exploration & Development from C$19.50 to C$19.00 and set an "outperform" rating for the company in a research note on Thursday, August 11th. Stifel Nicolaus boosted their price target on Peyto Exploration & Development from C$19.25 to C$19.50 in a research note on Friday. TD Securities decreased their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.50 and set a "buy" rating on the stock in a research note on Friday. Finally, Scotiabank lifted their price objective on Peyto Exploration & Development from C$23.00 to C$24.00 in a report on Thursday, July 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$17.69.

Peyto Exploration & Development Stock Down 0.1 %

Shares of PEY traded down C$0.01 during mid-day trading on Tuesday, hitting C$12.93. 594,889 shares of the company's stock were exchanged, compared to its average volume of 879,604. The company has a 50-day simple moving average of C$13.14 and a 200 day simple moving average of C$12.81. The company has a debt-to-equity ratio of 70.00, a current ratio of 0.46 and a quick ratio of 0.40. Peyto Exploration & Development has a 52 week low of C$5.88 and a 52 week high of C$17.13. The company has a market cap of C$2.20 billion and a PE ratio of 7.65.

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Brian Davis sold 1,800 shares of the business's stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of C$14.20, for a total transaction of C$25,551.36. Following the transaction, the director now owns 167,240 shares of the company's stock, valued at C$2,374,005.25. In related news, Director Brian Davis sold 1,800 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of C$14.20, for a total transaction of C$25,551.36. Following the completion of the sale, the director now directly owns 167,240 shares of the company's stock, valued at approximately C$2,374,005.25. Also, Senior Officer Todd Burdick sold 13,620 shares of the business's stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of C$15.08, for a total transaction of C$205,389.60. Following the completion of the sale, the insider now directly owns 81,266 shares of the company's stock, valued at approximately C$1,225,491.28. In the last 90 days, insiders have purchased 27,500 shares of company stock worth $407,300 and have sold 197,037 shares worth $2,937,361.