Peyto Exploration & Development (TSE:PEY) Director Purchases C$85,470.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner bought 3,000 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of C$28.49 per share, with a total value of C$85,470.00. Following the completion of the acquisition, the director directly owned 143,748 shares of the company’s stock, valued at approximately C$4,095,380.52. The trade was a 2.13% increase in their position.

Peyto Exploration & Development Stock Performance

Shares of TSE:PEY remained flat at C$25.74 during trading on Friday. 1,364,351 shares of the stock were exchanged, compared to its average volume of 1,166,891. The company has a market capitalization of C$5.23 billion, a PE ratio of 12.50, a P/E/G ratio of -0.46 and a beta of -0.20. The company has a debt-to-equity ratio of 41.44, a quick ratio of 0.32 and a current ratio of 0.98. The firm’s 50-day moving average price is C$26.47 and its 200-day moving average price is C$23.00. Peyto Exploration & Development Corp. has a 1 year low of C$14.60 and a 1 year high of C$29.22.

Analyst Ratings Changes

A number of analysts have commented on the company. Scotiabank lifted their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective on the stock. in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$21.00 to C$25.00 in a report on Tuesday, January 13th. Desjardins boosted their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada upped their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$24.55.

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.