Peyto Exploration & Development Corp. (PEY.TO) – What Are Brokerages Saying About This Stock?

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$27.19.

A number of equities research analysts have issued reports on the company. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. Ventum Financial set a C$31.00 price target on shares of Peyto Exploration & Development and gave the stock a “buy” rating in a research report on Friday. Finally, National Bank Financial upped their price target on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th.

Insider Activity

In other news, insider Crissy Rafoss sold 8,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of C$25.05, for a total value of C$200,400.00. Following the completion of the transaction, the insider owned 26,868 shares of the company’s stock, valued at approximately C$673,043.40. This represents a 22.94% decrease in their ownership of the stock. Also, insider Derick Nathan Czember sold 25,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total value of C$636,250.00. Following the completion of the transaction, the insider directly owned 114,505 shares of the company’s stock, valued at approximately C$2,914,152.25. The trade was a 17.92% decrease in their position. Insiders have sold 90,229 shares of company stock worth $2,275,786 over the last ninety days. 2.36% of the stock is currently owned by company insiders.

Peyto Exploration & Development Stock Performance

Shares of TSE PEY traded up C$0.18 during mid-day trading on Friday, hitting C$25.53. The company had a trading volume of 601,837 shares, compared to its average volume of 850,938. Peyto Exploration & Development has a 12 month low of C$19.91 and a 12 month high of C$29.22. The stock has a market cap of C$5.23 billion, a price-to-earnings ratio of 10.68, a PEG ratio of -0.46 and a beta of -0.23. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. The firm’s 50 day simple moving average is C$24.55 and its two-hundred day simple moving average is C$24.91.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$0.50 EPS for the quarter. The firm had revenue of C$340.45 million during the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.

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.