Raymond James Analysts Give Peyto Exploration & Development (TSE:PEY) a C$22.00 Price Target

Raymond James set a C$22.00 price objective on Peyto Exploration & Development (TSE:PEY) in a report released on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. TD Securities upped their target price on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Friday, February 21st. CIBC upped their price objective on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. BMO Capital Markets upgraded Peyto Exploration & Development from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$18.50 to C$19.50 in a research report on Monday, March 24th. Finally, Desjardins upped their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “hold” rating in a report on Thursday, March 13th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Buy” and an average price target of C$19.10.

Peyto Exploration & Development Price Performance

PEY stock opened at C$16.00 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. Peyto Exploration & Development has a 12 month low of C$13.40 and a 12 month high of C$18.58. The stock has a market cap of C$3.18 billion, a PE ratio of 10.79, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a 50-day moving average price of C$16.46 and a 200 day moving average price of C$16.18.

Insider Activity at Peyto Exploration & Development

In related news, Senior Officer Todd Burdick acquired 2,150 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of C$16.35 per share, for a total transaction of C$35,153.58. Also, Senior Officer Derick Nathan Czember sold 62,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of C$16.18, for a total value of C$1,002,936.80. Over the last three months, insiders bought 12,150 shares of company stock worth $196,654 and sold 126,509 shares worth $2,072,231. 2.36% of the stock is currently owned by corporate 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.