Peyto Exploration & Development (TSE:PEY) Price Target Raised to C$20.00 at TD Securities

Peyto Exploration & Development (TSE:PEY) had its price objective lifted by TD Securities from C$19.00 to C$20.00 in a research note issued to investors on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

PEY has been the subject of a number of other research reports. BMO Capital Markets boosted their target price on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. CIBC boosted their target price on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Peyto Exploration & Development currently has a consensus rating of “Buy” and a consensus price target of C$18.39.

Peyto Exploration & Development Price Performance

Shares of TSE:PEY opened at C$16.57 on Friday. Peyto Exploration & Development has a fifty-two week low of C$13.40 and a fifty-two week high of C$17.57. The business has a 50-day simple moving average of C$16.36 and a two-hundred day simple moving average of C$15.61. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. The firm has a market cap of C$3.29 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Insider Activity

In related news, Senior Officer Todd Burdick sold 24,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of C$17.16, for a total value of C$411,888.00. Also, Director Jean-Paul Henri Lachance sold 4,500 shares of the stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$16.75, for a total transaction of C$75,375.00. In the last quarter, insiders acquired 29,010 shares of company stock valued at $463,552 and sold 280,371 shares valued at $4,640,525. Insiders own 2.36% of the company’s stock.

About Peyto Exploration & Development

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.