Peyto Exploration & Development Corp. (TSE:PEY) Given Average Recommendation of “Buy” by Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has earned a consensus rating of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$18.78.

PEY has been the topic of several recent research reports. BMO Capital Markets raised shares of Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$18.50 to C$19.50 in a research note on Monday, March 24th. CIBC boosted their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. TD Securities raised their price objective on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Desjardins lifted their price objective on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a “hold” rating in a report on Thursday, March 13th.

Insider Activity

In other news, Senior Officer Todd Burdick sold 24,000 shares of Peyto Exploration & Development stock in a transaction on Friday, January 3rd. The stock was sold at an average price of C$17.16, for a total transaction of C$411,888.00. Also, Senior Officer Tavis Aaron Carlson sold 25,000 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$17.35, for a total transaction of C$433,750.00. In the last three months, insiders purchased 12,150 shares of company stock worth $196,654 and sold 203,509 shares worth $3,402,675. Insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Trading Down 0.4 %

TSE:PEY opened at C$18.10 on Monday. Peyto Exploration & Development has a 12-month low of C$13.40 and a 12-month high of C$18.58. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. The stock’s 50 day simple moving average is C$16.33 and its 200-day simple moving average is C$16.00. The firm has a market cap of C$3.59 billion, a P/E ratio of 12.20, a PEG ratio of -0.46 and a beta of 1.75.

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.