Peyto Exploration & Development (TSE:PEY – Free Report) had its price target upped by Stifel Nicolaus from C$16.25 to C$18.00 in a research note published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts have also commented on PEY. National Bankshares reduced their price objective on shares of Peyto Exploration & Development from C$17.50 to C$15.00 and set an outperform rating on the stock in a research note on Wednesday, January 10th. ATB Capital set a C$15.00 target price on shares of Peyto Exploration & Development and gave the stock an outperform rating in a research note on Friday, February 16th. Desjardins cut their target price on shares of Peyto Exploration & Development from C$14.00 to C$13.50 and set a hold rating on the stock in a research note on Tuesday. Scotiabank cut their target price on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating on the stock in a research note on Tuesday, January 16th. Finally, BMO Capital Markets increased their target price on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a market perform rating in a research note on Monday, March 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Peyto Exploration & Development has a consensus rating of Moderate Buy and a consensus price target of C$16.27.
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Peyto Exploration & Development Trading Down 0.3 %
Insiders Place Their Bets
In other Peyto Exploration & Development news, Senior Officer Riley Millar Frame sold 19,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$14.48, for a total transaction of C$275,120.00. In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 2,700 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$14.50, for a total transaction of C$39,150.00. Also, Senior Officer Riley Millar Frame sold 19,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$14.48, for a total transaction of C$275,120.00. Over the last 90 days, insiders have sold 108,700 shares of company stock worth $1,573,840. 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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