Peyto Exploration & Development (TSE:PEY – Get Free Report) had its price target lifted by equities research analysts at Stifel Nicolaus from C$16.25 to C$18.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 17.96% from the company’s current price.
PEY has been the subject of a number of other research reports. National Bankshares reduced their price objective on Peyto Exploration & Development from C$17.50 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. Canaccord Genuity Group boosted their price target on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. BMO Capital Markets increased their price objective on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a research report on Monday, March 11th. Desjardins reduced 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. 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 report on Friday, February 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$16.27.
Check Out Our Latest Stock Analysis on Peyto Exploration & Development
Peyto Exploration & Development Stock Performance
Insider Activity
In related news, Senior Officer Todd Burdick sold 24,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$14.30, for a total value of C$343,200.00. In other news, Senior Officer Riley Millar Frame sold 19,000 shares of the firm’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. Also, Senior Officer Todd Burdick sold 24,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$14.30, for a total transaction of C$343,200.00. In the last ninety days, insiders sold 108,700 shares of company stock worth $1,573,840. 2.51% of the stock is currently owned by corporate insiders.
Peyto Exploration & Development Company Profile
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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