Ventum Financial Analysts Give Peyto Exploration & Development (TSE:PEY) a C$31.00 Price Target

Ventum Financial set a C$31.00 target price on Peyto Exploration & Development (TSE:PEY – Free Report) in a research note released on Friday morning,BayStreet reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on PEY. National Bank Financial upped their price target on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$27.19.

View Our Latest Report on PEY

Peyto Exploration & Development Stock Performance

PEY opened at C$25.52 on Friday. Peyto Exploration & Development has a twelve month low of C$19.91 and a twelve month high of C$29.22. The firm has a market capitalization of C$5.23 billion, a PE ratio of 10.68, a PEG ratio of -0.46 and a beta of -0.23. The company has a current ratio of 1.63, a quick ratio of 0.32 and a debt-to-equity ratio of 34.98. The firm’s 50-day moving average price is C$24.58 and its 200 day moving average price is C$24.90.

Peyto Exploration & Development (TSE:PEY – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.50 EPS for the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%. The company had revenue of C$340.45 million during the quarter.

Insider Buying and Selling

In other news, insider Lee Russell Curran sold 28,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$25.45, for a total transaction of C$712,600.00. Following the sale, the insider owned 436,270 shares of the company’s stock, valued at approximately C$11,103,071.50. This represents a 6.03% decrease in their ownership of the stock. Also, insider Crissy Rafoss sold 8,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$25.05, for a total transaction of C$200,400.00. Following the sale, the insider owned 26,868 shares in the company, valued at approximately C$673,043.40. This trade represents a 22.94% decrease in their ownership of the stock. Insiders have sold 90,229 shares of company stock valued at $2,275,786 over the last quarter. 2.36% of the stock is owned by corporate insiders.

Peyto Exploration & Development Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Peyto Exploration & Development (TSE:PEY)

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