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

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

A number of research firms have issued reports on PEY. National Bank Financial lifted 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, July 8th. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 46,000 shares of Peyto Exploration & Development stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$25.60, for a total value of C$1,177,600.00. Following the completion of the transaction, the director directly owned 534,813 shares of the company’s stock, valued at C$13,691,212.80. This trade represents a 7.92% decrease in their position. Also, insider Lee Russell Curran sold 28,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of C$24.75, for a total transaction of C$693,000.00. Following the completion of the sale, the insider owned 432,664 shares in the company, valued at approximately C$10,708,434. This trade represents a 6.08% decrease in their ownership of the stock. Insiders have sold 335,409 shares of company stock valued at $8,314,882 over the last ninety days. Corporate insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Stock Up 0.2%

PEY opened at C$25.48 on Thursday. The company has a market capitalization of C$5.22 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of -0.46 and a beta of -0.51. The firm has a 50-day simple moving average of C$24.80 and a two-hundred day simple moving average of C$25.59. The company has a quick ratio of 0.32, a current ratio of 1.63 and a debt-to-equity ratio of 34.98. Peyto Exploration & Development has a 52 week low of C$17.92 and a 52 week high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last issued its earnings results on Tuesday, August 11th. The company reported C$0.50 earnings per share (EPS) for the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.The firm had revenue of C$340.45 million for the quarter.

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.