Peyto Exploration & Development (TSE:PEY) Price Target Raised to C$21.00 at CIBC

Peyto Exploration & Development (TSE:PEY) had its price objective raised by CIBC from C$19.25 to C$21.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Peyto Exploration & Development Stock Performance

Shares of PEY stock opened at C$19.13 on Wednesday. The business’s 50 day simple moving average is C$18.74 and its 200 day simple moving average is C$18.70. Peyto Exploration & Development has a one year low of C$14.57 and a one year high of C$21.12. The stock has a market capitalization of C$3.84 billion, a PE ratio of 11.59, a PEG ratio of -0.46 and a beta of 0.00. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32.

Insider Activity at Peyto Exploration & Development

In related news, insider Michael Richard Collens sold 26,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of C$18.80, for a total value of C$488,800.00. Following the sale, the insider directly owned 25,000 shares in the company, valued at C$470,000. This represents a 50.98% decrease in their ownership of the stock. Also, insider Riley Millar Frame sold 47,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of C$18.45, for a total value of C$867,239.30. Following the completion of the sale, the insider owned 127,527 shares in the company, valued at C$2,353,115.45. The trade was a 26.93% decrease in their ownership of the stock. Insiders have purchased 14,450 shares of company stock worth $267,380 over the last ninety days. 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.