Peyto Exploration & Development (TSE:PEY) Price Target Cut to C$18.00

Peyto Exploration & Development (TSE:PEY) had its price objective reduced by equities research analysts at TD Securities from C$19.00 to C$18.00 in a research note issued on Tuesday, BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 14.58% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. CIBC decreased their target price on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a research note on Monday, July 15th. National Bankshares upped their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, Scotiabank raised Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 14th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$17.50.

Peyto Exploration & Development Trading Up 0.1 %

Shares of Peyto Exploration & Development stock opened at C$15.71 on Tuesday. Peyto Exploration & Development has a 1 year low of C$11.09 and a 1 year high of C$15.99. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. The stock has a market cap of C$3.07 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of -0.46 and a beta of 1.76. The firm has a fifty day moving average price of C$14.51 and a 200 day moving average price of C$14.82.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.01). The company had revenue of C$256.55 million during the quarter, compared to analyst estimates of C$257.10 million. Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%. Equities research analysts predict that Peyto Exploration & Development will post 2.5599315 earnings per share for the current year.

Insider Activity at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 2,700 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of C$14.29, for a total value of C$38,583.00. In other news, Director Stephen Jonathan Chetner sold 2,700 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of C$14.29, for a total value of C$38,583.00. Also, Senior Officer Todd Burdick sold 57,810 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$14.41, for a total value of C$832,845.55. Over the last quarter, insiders bought 41,775 shares of company stock valued at $608,667 and sold 267,641 shares valued at $3,893,311. 2.37% of the stock is currently owned by insiders.

About Peyto Exploration & Development

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.