Peyto Exploration & Development (TSE:PEY) Price Target Increased to C$18.50 by Analysts at Atlantic Securities

Peyto Exploration & Development (TSE:PEY) had its price objective boosted by Atlantic Securities from C$17.50 to C$18.50 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Atlantic Securities’ price objective would suggest a potential upside of 17.61% from the company’s previous close.

Several other equities analysts have also issued reports on PEY. National Bankshares upped their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Scotiabank raised Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 14th. TD Securities reduced their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, CIBC lowered their price objective on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$17.60.

Peyto Exploration & Development Trading Down 2.2 %

TSE PEY opened at C$15.73 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The business has a fifty day simple moving average of C$14.63 and a 200 day simple moving average of C$14.88. Peyto Exploration & Development has a 12 month low of C$11.09 and a 12 month high of C$16.32. The firm has a market capitalization of C$3.08 billion, a P/E ratio of 10.15, a PEG ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%. The firm had revenue of C$256.55 million for the quarter, compared to the consensus estimate of C$257.10 million.

Insider Buying and Selling at Peyto Exploration & Development

In related news, Director Jean-Paul Henri Lachance sold 16,600 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$15.10, for a total transaction of C$250,660.00. In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 16,600 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$15.10, for a total value of C$250,660.00. Also, Senior Officer Derick Nathan Czember sold 21,000 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$14.22, for a total transaction of C$298,620.00. In the last quarter, insiders purchased 31,775 shares of company stock valued at $462,667 and sold 241,511 shares valued at $3,512,730. Insiders own 2.36% of the company’s stock.

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.