Brokerages Set Peyto Exploration & Development Corp. (TSE:PEY) Price Target at C$19.10

Peyto Exploration & Development Corp. (TSE:PEY) has earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$19.10.

A number of research analysts have recently weighed in on PEY shares. BMO Capital Markets raised shares of Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$18.50 to C$19.50 in a research note on Monday, March 24th. TD Securities lifted their price objective on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Raymond James set a C$22.00 target price on Peyto Exploration & Development and gave the stock an “outperform” rating in a research report on Tuesday, April 8th. Desjardins upped their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a “hold” rating in a research note on Thursday, March 13th. Finally, CIBC boosted their target price on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th.

Peyto Exploration & Development Trading Up 3.0 %

TSE:PEY opened at C$17.96 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. The stock has a fifty day simple moving average of C$16.64 and a 200-day simple moving average of C$16.27. Peyto Exploration & Development has a 52-week low of C$13.40 and a 52-week high of C$18.58. The company has a market capitalization of C$3.57 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Insiders Place Their Bets

In other news, Senior Officer Lee Russell Curran sold 25,797 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of C$16.09, for a total value of C$415,078.89. Also, Senior Officer Todd Burdick purchased 2,150 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of C$16.35 per share, for a total transaction of C$35,153.58. 2.36% of the stock is owned by insiders.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.