Peyto Exploration & Development Corp. (TSE:PEY) Receives C$17.85 Consensus PT from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has been assigned an average recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$17.85.

A number of research firms have recently weighed in on PEY. CIBC increased their target price on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. BMO Capital Markets boosted their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th.

Peyto Exploration & Development Stock Performance

PEY stock opened at C$15.62 on Friday. The business has a 50 day moving average of C$16.41 and a 200-day moving average of C$15.49. The firm has a market cap of C$3.05 billion, a PE ratio of 10.08, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 12-month low of C$12.50 and a 12-month high of C$17.57. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02.

Peyto Exploration & Development (TSE:PEY) last announced its earnings results on Tuesday, November 12th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%.

Insider Transactions at Peyto Exploration & Development

In related news, Senior Officer Tavis Aaron Carlson acquired 2,000 shares of the stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of C$17.17 per share, for a total transaction of C$34,340.00. Also, Director Jean-Paul Henri Lachance acquired 5,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of C$15.85 per share, with a total value of C$79,250.00. Over the last quarter, insiders have bought 29,010 shares of company stock valued at $463,552 and have sold 385,371 shares valued at $6,370,908. Insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.