Peyto Exploration & Development Corp. (TSE:PEY – Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as C$15.68 and last traded at C$15.58, with a volume of 199606 shares. The stock had previously closed at C$15.49.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on PEY. Stifel Nicolaus boosted their target price on Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a “buy” rating in a report on Tuesday. National Bankshares dropped their price objective on shares of Peyto Exploration & Development from C$17.50 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. Desjardins reduced their target price on shares of Peyto Exploration & Development from C$14.00 to C$13.50 and set a “hold” rating for the company in a report on Tuesday. ATB Capital set a C$15.00 price target on shares of Peyto Exploration & Development and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Canaccord Genuity Group raised their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$16.27.
View Our Latest Stock Analysis on PEY
Peyto Exploration & Development Stock Performance
Insiders Place Their Bets
In related news, Director Jean-Paul Henri Lachance sold 35,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total transaction of C$509,250.00. In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 35,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$14.55, for a total transaction of C$509,250.00. Also, Senior Officer Riley Millar Frame sold 19,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$14.48, for a total transaction of C$275,120.00. Insiders have sold 108,700 shares of company stock valued at $1,573,840 in the last ninety days. 2.51% of the stock is currently owned by insiders.
About Peyto Exploration & Development
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.
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