Peyto Exploration & Development Corp. (TSE:PEY – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$15.68 and last traded at C$15.58, with a volume of 199606 shares trading hands. The stock had previously closed at C$15.49.
Analyst Ratings Changes
PEY has been the topic of several research analyst reports. Canaccord Genuity Group raised their target price on shares of 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. Scotiabank decreased their price target on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. BMO Capital Markets upped 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 report on Monday, March 11th. ATB Capital set a C$15.00 target price on Peyto Exploration & Development and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Stifel Nicolaus boosted their price target on Peyto Exploration & Development from C$16.25 to C$18.00 and gave the company a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.27.
Read Our Latest Stock Report on PEY
Peyto Exploration & Development Stock Performance
Insider Activity
In related news, Senior Officer Riley Millar Frame sold 19,000 shares of the firm’s stock in a transaction that occurred 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 related news, Director Stephen Jonathan Chetner sold 2,700 shares of Peyto Exploration & Development stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$14.50, for a total value of C$39,150.00. Also, Senior Officer Riley Millar Frame sold 19,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$14.48, for a total value of C$275,120.00. In the last quarter, insiders sold 108,700 shares of company stock worth $1,573,840. 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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