Peyto Exploration & Development (TSE:PEY) Raised to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Peyto Exploration & Development (TSE:PEY) from a market perform rating to an outperform rating in a report published on Monday, Marketbeat.com reports. The firm currently has C$19.50 target price on the stock, up from their prior target price of C$18.50.

A number of other research firms have also recently weighed in on PEY. Desjardins upped their price target on 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. CIBC boosted their target price on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. Finally, TD Securities raised their price target on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$18.78.

Peyto Exploration & Development Trading Up 0.2 %

Shares of PEY opened at C$18.35 on Monday. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32. 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$3.64 billion, a PE ratio of 12.37, a P/E/G ratio of -0.46 and a beta of 1.75. The stock’s 50-day moving average is C$16.26 and its two-hundred day moving average is C$15.92.

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 62,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of C$16.18, for a total transaction of C$1,002,936.80. Also, Senior Officer Todd Burdick sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of C$17.16, for a total value of C$411,888.00. Over the last quarter, insiders purchased 14,150 shares of company stock valued at $230,994 and sold 203,509 shares valued at $3,402,675. Corporate insiders own 2.36% of the company’s stock.

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.