Peyto Exploration & Development Corp. (TSE:PEY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$26.64.

Several research analysts have recently commented on the company. National Bank Financial raised their price objective on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. Finally, Desjardins upped their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th.

Peyto Exploration & Development Stock Up 1.9%

Shares of TSE PEY traded up C$0.46 during midday trading on Wednesday, hitting C$24.75. 465,950 shares of the stock traded hands, compared to its average volume of 951,334. Peyto Exploration & Development has a one year low of C$17.92 and a one year high of C$29.22. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. The business has a 50 day moving average price of C$25.21 and a two-hundred day moving average price of C$25.14. The company has a market cap of C$5.07 billion, a PE ratio of 10.71, a P/E/G ratio of -0.46 and a beta of -0.50.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%. The firm had revenue of C$426.40 million during the quarter.

Insider Activity at Peyto Exploration & Development

In other Peyto Exploration & Development news, insider Lee Russell Curran sold 31,500 shares of Peyto Exploration & Development stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$26.00, for a total transaction of C$819,000.00. Following the sale, the insider owned 432,664 shares of the company’s stock, valued at C$11,249,264. The trade was a 6.79% decrease in their position. Also, insider Derick Nathan Czember sold 35,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$26.00, for a total transaction of C$910,000.00. Following the completion of the sale, the insider owned 111,199 shares of the company’s stock, valued at approximately C$2,891,174. The trade was a 23.94% decrease in their position. In the last ninety days, insiders have bought 10,300 shares of company stock valued at $245,358 and have sold 331,542 shares valued at $8,414,041. Company 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.