Peyto Exploration & Development (TSE:PEY) Stock Gets Price Target Bump from National Bank Financial

Peyto Exploration & Development (TSE:PEY) had its price target lifted by equities researchers at National Bank Financial from C$29.00 to C$30.00 in a research note issued on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s target price would indicate a potential upside of 21.70% from the company’s current price.

Separately, Ventum Financial set a C$31.00 price target on Peyto Exploration & Development and gave the company a “buy” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$27.19.

Peyto Exploration & Development Price Performance

Shares of PEY stock traded up C$0.54 during trading hours on Tuesday, hitting C$24.65. The company had a trading volume of 975,432 shares, compared to its average volume of 866,921. Peyto Exploration & Development has a 12 month low of C$20.42 and a 12 month high of C$29.22. The firm has a market capitalization of C$5.07 billion, a price-to-earnings ratio of 10.31, a PEG ratio of -0.46 and a beta of -0.10. The firm’s fifty day moving average is C$24.53 and its 200 day moving average is C$25.28. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.32 and a current ratio of 1.63.

Peyto Exploration & Development (TSE:PEY) last issued its earnings results on Monday, November 9th. The company reported C$0.50 earnings per share (EPS) for the quarter. The business had revenue of C$400.75 million during the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.

Insider Activity

In related news, insider Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$25.45, for a total transaction of C$712,600.00. Following the completion of the transaction, the insider directly owned 436,270 shares of the company’s stock, valued at C$11,103,071.50. This trade represents a 6.03% decrease in their position. Also, insider Derick Nathan Czember sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$25.45, for a total transaction of C$636,250.00. Following the completion of the transaction, the insider owned 114,505 shares in the company, valued at approximately C$2,914,152.25. This trade represents a 17.92% decrease in their ownership of the stock. Insiders sold a total of 90,229 shares of company stock worth $2,275,786 over the last ninety days. Corporate insiders own 2.36% of the company’s stock.

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.