Peyto Exploration & Development (TSE:PEY – Free Report) had its target price lowered by Desjardins from C$14.00 to C$13.50 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.
Several other equities research analysts also recently issued reports on the company. ATB Capital set a C$15.00 target price on Peyto Exploration & Development and gave the stock an outperform rating in a research report on Friday, February 16th. National Bankshares lowered their price objective on Peyto Exploration & Development from C$17.50 to C$15.00 and set an outperform rating on the stock in a research report on Wednesday, January 10th. Canaccord Genuity Group increased their price objective on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. BMO Capital Markets increased their price objective on 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. Finally, Scotiabank lowered their price objective on Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating on the stock in a research report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$16.27.
View Our Latest Analysis on Peyto Exploration & Development
Peyto Exploration & Development Trading Down 0.5 %
Insider Buying and Selling at Peyto Exploration & Development
In other Peyto Exploration & Development news, Senior Officer Todd Burdick sold 24,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$14.30, for a total transaction of C$343,200.00. In other news, Senior Officer Riley Millar Frame sold 19,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$14.48, for a total transaction of C$275,120.00. Also, Senior Officer Todd Burdick sold 24,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$14.30, for a total value of C$343,200.00. Insiders have sold 108,700 shares of company stock worth $1,573,840 over the last 90 days. Corporate insiders own 2.51% of the company’s stock.
Peyto Exploration & Development Company Profile
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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