Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have received an average recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$17.85.

Several brokerages recently commented on PEY. BMO Capital Markets lifted their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday, January 14th. CIBC raised their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th.

Peyto Exploration & Development Stock Down 0.6 %

Shares of TSE:PEY opened at C$15.62 on Friday. The stock has a market capitalization of C$3.05 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The stock’s 50-day moving average price is C$16.41 and its 200-day moving average price is C$15.49. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development has a 12-month low of C$12.50 and a 12-month high of C$17.57.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings results on Tuesday, November 12th. 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). Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%.

Insiders Place Their Bets

In other news, Senior Officer Tavis Aaron Carlson purchased 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of C$15.38 per share, for a total transaction of C$50,754.00. Also, Director Jean-Paul Henri Lachance sold 30,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$16.95, for a total value of C$508,548.00. In the last ninety days, insiders purchased 29,010 shares of company stock worth $463,552 and sold 385,371 shares worth $6,370,908. Company insiders own 2.36% of the company’s stock.

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.