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.
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
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.
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