Peyto Exploration & Development Corp. (TSE:PEY) Given Average Recommendation of “Moderate Buy” by Analysts

Peyto Exploration & Development Corp. (TSE:PEY) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$23.30.

Several research analysts have issued reports on PEY shares. Cibc Captl Mkts upgraded Peyto Exploration & Development from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. CIBC upgraded shares of Peyto Exploration & Development from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$21.00 to C$25.00 in a research report on Tuesday, January 13th. Canaccord Genuity Group upped their price target on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. TD Securities raised their price objective on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating and upped their target price for the company from C$23.50 to C$24.50 in a research note on Monday, November 24th.

Peyto Exploration & Development Price Performance

Shares of TSE:PEY opened at C$23.73 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. The company has a 50-day moving average price of C$22.45 and a 200 day moving average price of C$20.34. Peyto Exploration & Development has a 52 week low of C$14.57 and a 52 week high of C$24.39. The company has a market cap of C$4.79 billion, a P/E ratio of 12.90, a PEG ratio of -0.46 and a beta of -0.46.

Insider Buying and Selling

In related news, insider Michael Richard Collens sold 28,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of C$21.45, for a total transaction of C$611,325.00. Following the sale, the insider owned 25,000 shares in the company, valued at approximately C$536,250. This trade represents a 53.27% decrease in their ownership of the stock. Also, Director Jean-Paul Henri Lachance sold 74,000 shares of the business’s stock in a transaction on Thursday, November 27th. The shares were sold at an average price of C$22.00, for a total value of C$1,628,000.00. Following the completion of the transaction, the director owned 501,731 shares of the company’s stock, valued at C$11,038,082. This trade represents a 12.85% decrease in their ownership of the stock. Over the last 90 days, insiders sold 337,400 shares of company stock valued at $7,383,580. Company insiders own 2.36% of the company’s stock.

About Peyto Exploration & Development

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.