Peyto Exploration & Development Corp. (TSE:PEY) Stock Has Consensus Target Price of C$26.64 According to Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$26.64.

Several analysts have weighed in on PEY shares. National Bank Financial boosted their price target on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th.

Peyto Exploration & Development Trading Down 0.4%

TSE:PEY opened at C$23.69 on Monday. Peyto Exploration & Development has a 12 month low of C$18.01 and a 12 month high of C$29.22. The firm has a fifty day simple moving average of C$24.91 and a 200-day simple moving average of C$25.36. The company has a current ratio of 1.63, a quick ratio of 0.32 and a debt-to-equity ratio of 34.98. The company has a market capitalization of C$4.85 billion, a P/E ratio of 9.91, a PEG ratio of -0.46 and a beta of -0.48.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, August 11th. The company reported C$0.50 earnings per share (EPS) for the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.The firm had revenue of C$340.45 million for the quarter.

Insider Buying and Selling

In other news, insider Riley Millar Frame sold 27,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$24.83, for a total value of C$670,410.00. Following the sale, the insider directly owned 145,510 shares of the company’s stock, valued at C$3,613,013.30. This represents a 15.65% decrease in their position. Also, Director Jean-Paul Henri Lachance sold 32,500 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of C$24.02, for a total transaction of C$780,650.00. Following the completion of the sale, the director owned 534,813 shares in the company, valued at C$12,846,208.26. The trade was a 5.73% decrease in their position. Insiders have sold 214,729 shares of company stock worth $5,296,036 in the last quarter. 2.36% of the stock is currently owned by corporate insiders.

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.