Peyto Exploration & Development (TSE:PEY) Given New C$23.00 Price Target at TD Securities

Peyto Exploration & Development (TSE:PEY) had its price objective upped by TD Securities from C$21.00 to C$23.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Separately, CIBC upped their price objective on shares of Peyto Exploration & Development from C$19.25 to C$21.00 in a research report on Wednesday, October 15th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$21.56.

Peyto Exploration & Development Stock Up 4.5%

TSE PEY traded up C$0.93 on Friday, reaching C$21.71. The company had a trading volume of 1,328,856 shares, compared to its average volume of 876,241. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32. Peyto Exploration & Development has a 1 year low of C$14.57 and a 1 year high of C$21.98. The firm has a 50-day moving average of C$19.45 and a 200-day moving average of C$19.21. The firm has a market capitalization of C$4.36 billion, a PE ratio of 13.16, a P/E/G ratio of -0.46 and a beta of -0.16.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, insider Michael Richard Collens sold 26,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of C$18.80, for a total value of C$488,800.00. Following the completion of the transaction, the insider owned 25,000 shares in the company, valued at approximately C$470,000. This represents a 50.98% decrease in their position. Also, insider Crissy Rafoss purchased 5,500 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was purchased at an average price of C$18.51 per share, for a total transaction of C$101,805.00. Following the purchase, the insider directly owned 5,500 shares of the company’s stock, valued at C$101,805. This trade represents a ∞ increase in their position. Insiders bought 14,450 shares of company stock valued at $267,380 in the last ninety days. Company insiders own 2.36% of the company’s stock.

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.