Peyto Exploration & Development (TSE:PEY) PT Lowered to C$13.50

Peyto Exploration & Development (TSE:PEYGet Free Report) had its price objective cut by research analysts at Desjardins from C$14.00 to C$13.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price target suggests a potential downside of 11.53% from the company’s previous close.

A number of other equities analysts have also commented on PEY. 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 report on Friday, February 16th. BMO Capital Markets raised their target price on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a research report on Monday, March 11th. Stifel Nicolaus lifted their price objective on shares of Peyto Exploration & Development from C$16.00 to C$16.50 in a report on Monday, March 11th. National Bankshares cut 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 report on Wednesday, January 10th. Finally, Canaccord Genuity Group lifted their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a “buy” rating in a 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$16.27.

View Our Latest Stock Report on Peyto Exploration & Development

Peyto Exploration & Development Trading Up 1.6 %

Shares of TSE:PEY traded up C$0.24 during trading on Tuesday, reaching C$15.26. 357,776 shares of the company were exchanged, compared to its average volume of 782,135. The firm has a market capitalization of C$2.96 billion, a PE ratio of 9.42, a P/E/G ratio of -0.46 and a beta of 1.83. The business’s fifty day simple moving average is C$14.53 and its 200-day simple moving average is C$13.62. Peyto Exploration & Development has a 12-month low of C$10.38 and a 12-month high of C$15.68. The company has a debt-to-equity ratio of 51.67, a current ratio of 1.75 and a quick ratio of 0.32.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Senior Officer Riley Millar Frame sold 19,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$14.48, for a total value of C$275,120.00. In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$14.50, for a total value of C$39,150.00. Also, Senior Officer Riley Millar Frame sold 19,000 shares of Peyto Exploration & Development stock in a transaction 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 sold a total of 108,700 shares of company stock worth $1,573,840 over the last three months. Corporate insiders own 2.51% of the company’s stock.

Peyto Exploration & Development Company Profile

(Get Free Report)

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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Analyst Recommendations for Peyto Exploration & Development (TSE:PEY)

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