Peyto Exploration & Development (TSE:PEY – Get Free Report) had its price target boosted by stock analysts at Canaccord Genuity Group from C$16.50 to C$17.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 14.71% from the stock’s current price.
Several other brokerages have also commented on PEY. Scotiabank dropped their price target on shares of 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 objective on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the company a “market perform” rating in a report on Monday, March 11th. ATB Capital set a C$15.00 price target on shares of Peyto Exploration & Development and gave the stock an “outperform” rating in a research report on Friday, February 16th. Stifel Nicolaus raised their price objective on shares of Peyto Exploration & Development from C$16.00 to C$16.50 in a research report on Monday, March 11th. Finally, National Bankshares dropped their target price on shares of Peyto Exploration & Development from C$17.50 to C$15.00 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.14.
Read Our Latest Research Report on PEY
Peyto Exploration & Development Stock Down 0.8 %
Insiders Place Their Bets
In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance acquired 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were purchased at an average price of C$12.85 per share, with a total value of C$205,600.00. In related news, Director Stephen Jonathan Chetner sold 2,700 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$14.50, for a total value of C$39,150.00. Also, Director Jean-Paul Henri Lachance purchased 16,000 shares of the stock in a transaction on Tuesday, January 23rd. The shares were bought at an average price of C$12.85 per share, for a total transaction of C$205,600.00. Insiders have sold a total of 129,700 shares of company stock valued at $1,846,840 in the last three months. Insiders own 2.51% of the company’s stock.
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.
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