Peyto Exploration & Development (TSE:PEY) Director Stephen Jonathan Chetner Acquires 3,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner purchased 3,000 shares of Peyto Exploration & Development stock in a transaction on Friday, March 20th. The shares were acquired at an average price of C$28.49 per share, for a total transaction of C$85,470.00. Following the completion of the transaction, the director directly owned 143,748 shares of the company’s stock, valued at approximately C$4,095,380.52. The trade was a 2.13% increase in their ownership of the stock.

Peyto Exploration & Development Stock Performance

Shares of PEY opened at C$25.74 on Friday. The firm has a market cap of C$5.23 billion, a price-to-earnings ratio of 12.50, a PEG ratio of -0.46 and a beta of -0.20. The company has a debt-to-equity ratio of 41.44, a quick ratio of 0.32 and a current ratio of 0.98. Peyto Exploration & Development Corp. has a fifty-two week low of C$14.60 and a fifty-two week high of C$29.22. The firm has a 50 day moving average price of C$26.47 and a 200-day moving average price of C$23.03.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEY. Royal Bank Of Canada boosted their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Canadian Imperial Bank of Commerce raised Peyto Exploration & Development from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$21.00 to C$25.00 in a research note on Tuesday, January 13th. Scotiabank raised their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Desjardins increased their price target on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective for the company. in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$24.55.

Peyto Exploration & Development Company Profile

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.