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

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

Several other brokerages have also recently issued reports on PEY. Canaccord Genuity Group upped their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a buy rating in a research note on Wednesday, April 17th. BMO Capital Markets increased 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 note on Monday, March 11th. Desjardins dropped their price target 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 note on Tuesday. National Bankshares dropped 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 note on Wednesday, January 10th. 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 note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Peyto Exploration & Development has a consensus rating of Moderate Buy and an average price target of C$16.27.

Peyto Exploration & Development Stock Up 1.9 %

Shares of TSE PEY opened at C$15.30 on Tuesday. Peyto Exploration & Development has a 12-month low of C$10.38 and a 12-month high of C$15.68. The stock has a market cap of C$2.96 billion, a PE ratio of 9.44, a P/E/G 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. The company has a 50-day moving average of C$14.58 and a 200 day moving average of C$13.64.

Insider Transactions at Peyto Exploration & Development

In other news, Director Stephen Jonathan Chetner sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$14.50, for a total value of C$39,150.00. In other news, Director Stephen Jonathan Chetner sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$14.50, for a total value of C$39,150.00. Also, Senior Officer Riley Millar Frame sold 19,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$14.48, for a total transaction of C$275,120.00. In the last three months, insiders have sold 108,700 shares of company stock worth $1,573,840. 2.51% of the stock is currently owned by 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.