Peyto Exploration & Development (TSE:PEY) Given New C$13.50 Price Target at Desjardins

Peyto Exploration & Development (TSE:PEY) had its target price reduced by analysts at Desjardins from C$14.00 to C$13.50 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price target would suggest a potential downside of 13.29% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. ATB Capital set a C$15.00 price target on Peyto Exploration & Development and gave the stock an “outperform” rating in a research note on Friday, February 16th. Stifel Nicolaus raised their price target on Peyto Exploration & Development from C$16.00 to C$16.50 in a research note on Monday, March 11th. BMO Capital Markets raised their price target on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a research note on Monday, March 11th. National Bankshares decreased 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 research note on Wednesday, January 10th. Finally, 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 note on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$16.27.

Peyto Exploration & Development Price Performance

Shares of Peyto Exploration & Development stock opened at C$15.57 on Tuesday. The stock has a market cap of C$3.02 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of -0.46 and a beta of 1.83. 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 stock has a 50 day moving average price of C$14.58 and a 200-day moving average price of C$13.64. Peyto Exploration & Development has a one year low of C$10.38 and a one year high of C$15.68.

Insider Buying and Selling at Peyto Exploration & Development

In other news, Senior Officer Riley Millar Frame sold 19,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$14.48, for a total value of C$275,120.00. In other news, Senior Officer Todd Burdick sold 24,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$14.30, for a total value of C$343,200.00. Also, Senior Officer Riley Millar Frame sold 19,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$14.48, for a total value of C$275,120.00. Insiders sold a total of 108,700 shares of company stock valued at $1,573,840 in the last ninety days. Corporate 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.