Peyto Exploration & Development Corp. (TSE:PEY – Get Free Report) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$16.27.
Several research firms have weighed in on PEY. Stifel Nicolaus upped their price objective on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Scotiabank lowered their price objective on Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Desjardins decreased their price target on Peyto Exploration & Development from C$14.00 to C$13.50 and set a “hold” rating for the company in a report on Tuesday, April 23rd. ATB Capital set a C$15.00 target price on shares of Peyto Exploration & Development and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Canaccord Genuity Group upped 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.
View Our Latest Stock Analysis on PEY
Peyto Exploration & Development Trading Up 0.2 %
Insider Activity at Peyto Exploration & Development
In other Peyto Exploration & Development news, Senior Officer Riley Millar Frame sold 19,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$14.48, for a total value of C$275,120.00. In other Peyto Exploration & Development news, Senior Officer Todd Burdick sold 24,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$14.30, for a total value of C$343,200.00. Also, Senior Officer Riley Millar Frame sold 19,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$14.48, for a total value of C$275,120.00. Over the last quarter, insiders have sold 108,700 shares of company stock worth $1,573,840. Insiders own 2.51% 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.
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