Peyto Exploration & Development Corp. (TSE:PEY – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$16.27.
PEY has been the subject of a number of analyst reports. Desjardins decreased their target price 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 report on Tuesday, April 23rd. National Bankshares lowered their target price on 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. Canaccord Genuity Group raised their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. BMO Capital Markets lifted 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. Finally, 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 note on Friday, February 16th.
View Our Latest Stock Report on Peyto Exploration & Development
Peyto Exploration & Development Price Performance
Insider Activity
In related news, Director Stephen Jonathan Chetner sold 2,700 shares of the stock in a transaction 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. In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 2,700 shares of the 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 business’s stock in a transaction that occurred on Monday, March 11th. The shares were 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 worth $1,573,840 over the last 90 days. 2.51% of the stock is currently owned by company 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.
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