Peyto Exploration & Development (TSE:PEY) Given New C$17.50 Price Target at CIBC

Peyto Exploration & Development (TSE:PEY) had its price target hoisted by CIBC from C$17.00 to C$17.50 in a research report released on Friday,BayStreet.CA reports.

Several other equities research analysts also recently commented on PEY. National Bankshares lifted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. Atlantic Securities boosted their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Monday, October 7th. TD Securities lowered their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, BMO Capital Markets upped their price target on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Peyto Exploration & Development presently has a consensus rating of “Buy” and a consensus target price of C$17.85.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at C$16.37 on Friday. The stock has a 50-day moving average price of C$16.43 and a two-hundred day moving average price of C$15.35. Peyto Exploration & Development has a 12 month low of C$12.41 and a 12 month high of C$17.57. The company has a market capitalization of C$3.20 billion, a PE ratio of 10.56, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02.

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, Senior Officer Tavis Aaron Carlson sold 21,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$15.57, for a total value of C$326,900.70. Also, Director Stephen Jonathan Chetner sold 2,565 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$16.44, for a total value of C$42,166.55. In the last ninety days, insiders acquired 20,860 shares of company stock valued at $328,142 and sold 352,562 shares valued at $5,843,683. Corporate insiders own 2.36% of the company’s stock.

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.