Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$23.30.

Several analysts recently weighed in on PEY shares. Canaccord Genuity Group boosted their price objective on Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. Scotiabank boosted their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. TD Securities upped their price target on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Desjardins raised shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$23.50 to C$24.50 in a report on Monday, November 24th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Peyto Exploration & Development from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$21.00 to C$25.00 in a research note on Tuesday, January 13th.

Insiders Place Their Bets

In other Peyto Exploration & Development news, insider Lee Russell Curran sold 28,000 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of C$22.27, for a total value of C$623,560.00. Following the transaction, the insider owned 421,844 shares of the company’s stock, valued at C$9,394,465.88. This trade represents a 6.22% decrease in their ownership of the stock. Also, Director Jean-Paul Henri Lachance sold 74,000 shares of the company’s stock in a transaction that occurred on Thursday, November 27th. The shares were sold at an average price of C$22.00, for a total value of C$1,628,000.00. Following the transaction, the director directly owned 501,731 shares of the company’s stock, valued at C$11,038,082. This trade represents a 12.85% decrease in their ownership of the stock. In the last three months, insiders sold 175,000 shares of company stock worth $3,870,120. Corporate insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Price Performance

PEY opened at C$26.05 on Tuesday. The company has a market capitalization of C$5.26 billion, a P/E ratio of 14.16, a PEG ratio of -0.46 and a beta of -0.21. The company has a 50-day moving average of C$23.43 and a 200-day moving average of C$21.05. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. Peyto Exploration & Development has a 1-year low of C$14.60 and a 1-year high of C$26.47.

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.