Canaccord Genuity Group Raises Peyto Exploration & Development (TSE:PEY) Price Target to C$17.00

Peyto Exploration & Development (TSE:PEY) had its price target upped by Canaccord Genuity Group from C$16.50 to C$17.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on PEY. ATB Capital set a C$15.00 target price on shares of Peyto Exploration & Development and gave the company an outperform rating in a report on Friday, February 16th. National Bankshares lowered their target price on shares of 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. BMO Capital Markets lifted their target price on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the company a market perform rating in a report on Monday, March 11th. Scotiabank lowered their target price on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating on the stock in a report on Tuesday, January 16th. Finally, Stifel Nicolaus lifted their target price on shares of Peyto Exploration & Development from C$16.00 to C$16.50 in a report on Monday, March 11th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of Moderate Buy and an average target price of C$16.14.

Peyto Exploration & Development Stock Up 1.2 %

Shares of TSE:PEY opened at C$15.00 on Wednesday. The company has a market cap of C$2.91 billion, a price-to-earnings ratio of 9.26, a PEG ratio of -0.46 and a beta of 1.83. The firm’s 50-day simple moving average is C$14.49 and its 200-day simple moving average is C$13.61. The company has a quick ratio of 0.32, a current ratio of 1.75 and a debt-to-equity ratio of 51.67. Peyto Exploration & Development has a fifty-two week low of C$10.38 and a fifty-two week high of C$15.68.

Insider Buying and Selling

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 35,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$14.55, for a total value of C$509,250.00. In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 35,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$14.55, for a total value of C$509,250.00. Also, Senior Officer Lee Russell Curran sold 28,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$14.54, for a total transaction of C$407,120.00. Over the last 90 days, insiders have sold 129,700 shares of company stock valued at $1,846,840. Corporate insiders own 2.51% 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.