Peyto Exploration & Development Corp. (TSE:PEY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$26.64.

Several equities research analysts recently commented on the company. National Bank Financial boosted their target price on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th.

Peyto Exploration & Development Trading Up 0.5%

Shares of TSE:PEY opened at C$25.73 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. The company’s 50-day moving average price is C$24.83 and its 200 day moving average price is C$25.45. The company has a market cap of C$5.27 billion, a PE ratio of 11.14, a P/E/G ratio of -0.46 and a beta of -0.50. Peyto Exploration & Development has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22.

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

Insiders Place Their Bets

In other Peyto Exploration & Development news, insider Tavis Aaron Carlson purchased 2,200 shares of the firm’s stock in a transaction on Tuesday, July 14th. The shares were purchased at an average price of C$24.05 per share, for a total transaction of C$52,910.00. Following the completion of the transaction, the insider owned 64,447 shares in the company, valued at C$1,549,950.35. This represents a 3.53% increase in their position. Also, insider Crissy Rafoss sold 6,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of C$24.25, for a total transaction of C$145,500.00. Following the completion of the transaction, the insider owned 25,066 shares in the company, valued at approximately C$607,850.50. This trade represents a 19.31% decrease in their position. Over the last three months, insiders sold 413,042 shares of company stock worth $10,392,741. Company 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.