Peyto Exploration & Development (TSE:PEY) Stock Price Target Raised at National Bank Financial

Peyto Exploration & Development (TSE:PEY) had its target price hoisted by analysts at National Bank Financial from C$29.00 to C$30.00 in a research note issued on Tuesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s target price would indicate a potential upside of 21.70% from the stock’s current price.

Separately, Ventum Financial set a C$31.00 price target on Peyto Exploration & Development and gave the company a “buy” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Moderate Buy” and an average target price of C$27.19.

Peyto Exploration & Development Stock Performance

TSE PEY traded up C$0.54 during midday trading on Tuesday, hitting C$24.65. The company had a trading volume of 975,432 shares, compared to its average volume of 866,921. The company has a quick ratio of 0.32, a current ratio of 1.63 and a debt-to-equity ratio of 34.98. The stock has a market cap of C$5.07 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of -0.46 and a beta of -0.10. The firm has a fifty day simple moving average of C$24.53 and a two-hundred day simple moving average of C$25.28. Peyto Exploration & Development has a fifty-two week low of C$20.42 and a fifty-two week high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings data on Monday, November 9th. The company reported C$0.50 earnings per share (EPS) for the quarter. The company had revenue of C$400.75 million for the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%.

Insider Activity

In other Peyto Exploration & Development news, insider Crissy Rafoss sold 8,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of C$25.05, for a total value of C$200,400.00. Following the sale, the insider owned 26,868 shares of the company’s stock, valued at C$673,043.40. The trade was a 22.94% decrease in their position. Also, Director Stephen Jonathan Chetner sold 2,229 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$25.18, for a total transaction of C$56,126.22. Following the completion of the sale, the director directly owned 97,805 shares in the company, valued at C$2,462,729.90. This trade represents a 2.23% decrease in their position. Over the last three months, insiders have sold 90,229 shares of company stock valued at $2,275,786. 2.36% of the stock is owned by insiders.

Peyto Exploration & Development Company Profile

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.