Peyto Exploration & Development (TSE:PEY) PT Raised to C$22.00

Peyto Exploration & Development (TSE:PEYGet Free Report) had its price objective hoisted by stock analysts at Scotiabank from C$20.00 to C$22.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 45.12% from the company’s current price.

Several other analysts have also recently issued reports on PEY. Desjardins cut their price target on shares of Peyto Exploration & Development from C$14.00 to C$13.50 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. BMO Capital Markets increased their target price on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a report on Monday, March 11th. ATB Capital set a C$15.00 price target on Peyto Exploration & Development and gave the company an “outperform” rating in a report on Friday, February 16th. Canaccord Genuity Group lifted their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Stifel Nicolaus increased their target price on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Moderate Buy” and a consensus price target of C$16.50.

Check Out Our Latest Report on Peyto Exploration & Development

Peyto Exploration & Development Stock Down 0.4 %

PEY stock traded down C$0.06 during midday trading on Wednesday, hitting C$15.16. 952,516 shares of the company’s stock were exchanged, compared to its average volume of 797,781. The firm has a 50 day moving average price of C$15.00 and a 200-day moving average price of C$13.76. Peyto Exploration & Development has a 12-month low of C$10.38 and a 12-month high of C$15.83. The stock has a market capitalization of C$2.95 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of -0.46 and a beta of 1.85. The company has a current ratio of 1.75, a quick ratio of 0.32 and a debt-to-equity ratio of 51.67.

Insider Buying and Selling at Peyto Exploration & Development

In related news, Director Jean-Paul Henri Lachance sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$14.55, for a total transaction of C$509,250.00. In related news, Senior Officer Todd Burdick sold 24,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$14.30, for a total transaction of C$343,200.00. Also, Director Jean-Paul Henri Lachance sold 35,000 shares of Peyto Exploration & Development stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total value of C$509,250.00. In the last 90 days, insiders have sold 108,700 shares of company stock valued at $1,573,840. Company insiders own 2.42% of the company’s stock.

Peyto Exploration & Development Company Profile

(Get Free Report)

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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Analyst Recommendations for Peyto Exploration & Development (TSE:PEY)

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