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

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$24.55.

PEY has been the subject of a number of research reports. Desjardins lifted their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Scotiabank lifted their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 target price for the company. in a report on Friday, February 20th. Royal Bank Of Canada lifted their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce raised Peyto Exploration & Development from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$21.00 to C$25.00 in a report on Tuesday, January 13th.

Peyto Exploration & Development Price Performance

Shares of TSE PEY opened at C$26.11 on Friday. The company has a debt-to-equity ratio of 41.44, a quick ratio of 0.32 and a current ratio of 0.98. Peyto Exploration & Development has a fifty-two week low of C$17.19 and a fifty-two week high of C$29.22. The company has a market cap of C$5.35 billion, a PE ratio of 12.67, a P/E/G ratio of -0.46 and a beta of -0.18. The business has a 50-day simple moving average of C$26.39 and a two-hundred day simple moving average of C$23.87.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, March 10th. The company reported C$0.61 EPS for the quarter. Peyto Exploration & Development had a return on equity of 15.30% and a net margin of 38.72%.The firm had revenue of C$355.02 million during the quarter.

Insider Buying and Selling

In related news, insider Riley Millar Frame purchased 1,550 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average cost of C$24.07 per share, for a total transaction of C$37,308.50. Following the completion of the transaction, the insider owned 138,452 shares in the company, valued at C$3,332,539.64. The trade was a 1.13% increase in their ownership of the stock. Also, Director Jean-Paul Henri Lachance purchased 5,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, April 17th. The shares were bought at an average price of C$23.73 per share, with a total value of C$118,650.00. Following the completion of the transaction, the director owned 529,401 shares of the company’s stock, valued at C$12,562,685.73. This represents a 0.95% increase in their position. Insiders bought 9,550 shares of company stock valued at $241,429 over the last quarter. 2.36% of the stock is currently owned by company insiders.

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.