Peyto Exploration & Development (TSE:PEY) Stock Rating Lowered by TD Securities

Peyto Exploration & Development (TSE:PEY) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a report issued on Friday,BayStreet.CA reports. They currently have a C$25.00 price target on the stock. TD Securities’ price objective suggests a potential downside of 3.81% from the company’s current price.

Several other analysts have also commented on the stock. Canaccord Genuity Group raised their price objective on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating and increased their target price for the stock from C$23.50 to C$24.50 in a research report on Monday, November 24th. Scotiabank raised their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce raised Peyto Exploration & Development from a “hold” rating to an “outperform” rating and upped their price target for the stock from C$21.00 to C$25.00 in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada increased their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$23.90.

Peyto Exploration & Development Trading Down 2.9%

TSE PEY traded down C$0.78 during trading on Friday, hitting C$25.99. The company had a trading volume of 928,221 shares, compared to its average volume of 1,088,352. The company’s fifty day moving average is C$23.66 and its 200-day moving average is C$21.18. Peyto Exploration & Development has a one year low of C$14.60 and a one year high of C$27.19. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. The company has a market cap of C$5.25 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of -0.46 and a beta of -0.21.

Insider Buying and Selling

In related news, Director Jean-Paul Henri Lachance sold 74,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 27th. The stock was sold at an average price of C$22.00, for a total transaction of C$1,628,000.00. Following the completion of the transaction, the director owned 501,731 shares of the company’s stock, valued at C$11,038,082. This trade represents a 12.85% decrease in their position. Also, insider Michael Richard Collens sold 13,000 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of C$21.96, for a total value of C$285,480.00. Following the completion of the sale, the insider directly owned 25,000 shares in the company, valued at approximately C$549,000. This represents a 34.21% decrease in their ownership of the stock. Insiders have sold a total of 175,000 shares of company stock worth $3,870,120 over the last three months. Corporate 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.