Peyto Exploration & Development Corp. (TSE:PEY) Stock Has Consensus Price Target of C$27.19 According to Analysts

Peyto Exploration & Development Corp. (TSE:PEY) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$27.19.

Several analysts have issued reports on PEY shares. Ventum Financial set a C$31.00 target price on Peyto Exploration & Development and gave the company a “buy” rating in a research note on Friday, October 23rd. National Bank Financial boosted their price objective 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.

Peyto Exploration & Development Trading Up 0.7%

TSE PEY opened at C$25.58 on Friday. The business’s fifty day moving average is C$24.62 and its 200-day moving average is C$25.22. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. The stock has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 10.70, a PEG ratio of -0.46 and a beta of -0.23. Peyto Exploration & Development has a one year low of C$19.91 and a one year high of C$29.22.

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

Insider Buying and Selling

In related news, insider Derick Nathan Czember sold 25,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$25.45, for a total value of C$636,250.00. Following the completion of the transaction, the insider directly owned 114,505 shares in the company, valued at approximately C$2,914,152.25. The trade was a 17.92% decrease in their position. Also, Director Stephen Jonathan Chetner sold 2,229 shares of Peyto Exploration & Development stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$25.18, for a total value of C$56,126.22. Following the completion of the transaction, the director owned 97,805 shares of the company’s stock, valued at approximately C$2,462,729.90. This trade represents a 2.23% decrease in their ownership of the stock. Over the last quarter, insiders have sold 90,229 shares of company stock valued at $2,275,786. Corporate 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.