BMO Capital Markets Issues Positive Forecast for Peyto Exploration & Development (TSE:PEY) Stock Price

Peyto Exploration & Development (TSE:PEY) had its price target increased by BMO Capital Markets from C$17.50 to C$18.50 in a report issued on Tuesday,BayStreet.CA reports.

A number of other brokerages have also commented on PEY. TD Securities lowered their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. National Bankshares lifted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, Atlantic Securities upped their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$17.80.

Peyto Exploration & Development Stock Up 1.1 %

PEY stock opened at C$17.09 on Tuesday. The firm has a market cap of C$3.34 billion, a PE ratio of 11.03, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 1 year low of C$12.41 and a 1 year high of C$17.57. The company has a fifty day simple moving average of C$16.31 and a 200 day simple moving average of C$15.30. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02.

Insider Activity at Peyto Exploration & Development

In related news, Senior Officer Tavis Aaron Carlson sold 25,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$17.35, for a total value of C$433,750.00. Also, Director Stephen Jonathan Chetner sold 2,565 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$16.44, for a total value of C$42,166.55. Over the last 90 days, insiders purchased 20,860 shares of company stock worth $328,142 and sold 258,862 shares worth $4,298,676. 2.36% of the stock is owned by corporate insiders.

Peyto Exploration & Development Company Profile

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.