Shares of Peyto Exploration & Dev (TSE:PEY) have been assigned a consensus recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$15.02.
Several equities research analysts have recently commented on the stock. National Bank Financial boosted their price target on shares of Peyto Exploration & Dev from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Monday, January 15th. TD Securities reduced their price target on shares of Peyto Exploration & Dev from C$19.50 to C$18.00 and set a “buy” rating for the company in a report on Monday, January 15th. Eight Capital reduced their price target on shares of Peyto Exploration & Dev from C$16.25 to C$15.15 in a report on Friday, January 12th. Raymond James Financial cut their price objective on shares of Peyto Exploration & Dev from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Monday, January 15th. Finally, BMO Capital Markets raised shares of Peyto Exploration & Dev from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$15.00 to C$16.00 in a research report on Friday, January 12th.
Peyto Exploration & Dev (TSE PEY) traded up C$0.56 during trading hours on Friday, hitting C$10.66. 1,524,200 shares of the stock traded hands, compared to its average volume of 1,206,281. Peyto Exploration & Dev has a twelve month low of C$9.83 and a twelve month high of C$28.68. The company has a market cap of $1,650.00, a price-to-earnings ratio of 9.96 and a beta of -0.02.
Peyto Exploration & Dev (TSE:PEY) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.31 EPS for the quarter, beating the consensus estimate of C$0.26 by C$0.05. Peyto Exploration & Dev had a net margin of 30.65% and a return on equity of 10.84%. The business had revenue of C$211.80 million during the quarter.
In other Peyto Exploration & Dev news, Director Stephen Jonathan Chetner sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of C$12.80, for a total transaction of C$320,000.00. Also, Director Brian Davis bought 1,800 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of C$14.42 per share, for a total transaction of C$25,956.00. In the last ninety days, insiders sold 105,000 shares of company stock worth $1,214,000.
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Peyto Exploration & Dev Company Profile
Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Canada. The company's oil and gas properties are located in the Alberta's Deep Basin. As of December 31, 2016, it had a total proved plus probable reserves of 655 million barrels of oil equivalent.
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