Peyto Exploration & Development Corp. (TSE:PEY) Given Consensus Rating of “Moderate Buy” by Analysts

Peyto Exploration & Development Corp. (TSE:PEY) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$26.64.

Several research analysts have recently weighed in on PEY shares. Scotiabank raised Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. National Bank Financial boosted their target price on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th.

Peyto Exploration & Development Trading Down 0.5%

PEY opened at C$24.11 on Wednesday. The stock has a market capitalization of C$4.94 billion, a P/E ratio of 10.44, a P/E/G ratio of -0.46 and a beta of -0.50. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. Peyto Exploration & Development has a 12 month low of C$17.92 and a 12 month high of C$29.22. The firm’s fifty day simple moving average is C$25.07 and its 200 day simple moving average is C$25.21.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, May 12th. The company reported C$0.82 earnings per share (EPS) for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.The firm had revenue of C$426.40 million during the quarter.

Insiders Place Their Bets

In related news, insider Lee Russell Curran sold 28,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of C$24.75, for a total value of C$693,000.00. Following the completion of the transaction, the insider owned 432,664 shares of the company’s stock, valued at approximately C$10,708,434. This trade represents a 6.08% decrease in their ownership of the stock. Also, insider Crissy Rafoss sold 6,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of C$24.25, for a total transaction of C$145,500.00. Following the completion of the sale, the insider owned 25,066 shares in the company, valued at C$607,850.50. The trade was a 19.31% decrease in their ownership of the stock. Over the last 90 days, insiders have purchased 12,500 shares of company stock valued at $298,268 and have sold 380,542 shares valued at $9,612,091. Company insiders own 2.36% of the company’s stock.

About Peyto Exploration & Development

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.