Peyto Exploration & Development (TSE:PEY) Reaches New 52-Week High at $15.24

Peyto Exploration & Development Corp. (TSE:PEYGet Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as C$15.24 and last traded at C$15.16, with a volume of 69773 shares changing hands. The stock had previously closed at C$15.11.

Wall Street Analysts Forecast Growth

PEY has been the subject of several analyst reports. National Bankshares reduced their price target 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. Scotiabank reduced their price target 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 raised their price target 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. Stifel Nicolaus raised their price target on shares of Peyto Exploration & Development from C$16.00 to C$16.50 in a research report on Monday, March 11th. Finally, ATB Capital set a C$15.00 price target on shares of Peyto Exploration & Development and gave the company an “outperform” rating in a research report on Friday, February 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$16.11.

View Our Latest Analysis on Peyto Exploration & Development

Peyto Exploration & Development Stock Performance

The business’s 50-day simple moving average is C$13.94 and its 200 day simple moving average is C$13.43. The company has a debt-to-equity ratio of 51.67, a quick ratio of 0.32 and a current ratio of 1.75. The firm has a market cap of C$2.96 billion, a P/E ratio of 9.44, a P/E/G ratio of -0.46 and a beta of 1.83.

Insider Activity

In other news, Director Stephen Jonathan Chetner sold 2,700 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$14.50, for a total transaction of C$39,150.00. In other news, Senior Officer Todd Burdick sold 21,960 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of C$13.13, for a total transaction of C$288,334.80. Also, Director Stephen Jonathan Chetner sold 2,700 shares of Peyto Exploration & Development stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$14.50, for a total transaction of C$39,150.00. Insiders sold a total of 186,660 shares of company stock valued at $2,586,675 in the last 90 days. Company insiders own 2.51% of the company’s stock.

Peyto Exploration & Development Company Profile

(Get Free Report)

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. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp. in January 2011.

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