TD Securities Forecasts Strong Price Appreciation for Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development (TSE:PEY) had its target price increased by stock analysts at TD Securities from C$19.00 to C$20.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 19.83% from the company’s current price.

Other analysts have also issued research reports about the stock. CIBC raised their target price on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. BMO Capital Markets raised their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$18.39.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock traded up C$0.22 during mid-day trading on Friday, reaching C$16.69. The company had a trading volume of 514,243 shares, compared to its average volume of 780,974. Peyto Exploration & Development has a fifty-two week low of C$13.40 and a fifty-two week high of C$17.57. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. The company has a market cap of C$3.31 billion, a P/E ratio of 11.25, a P/E/G ratio of -0.46 and a beta of 1.75. The business has a fifty day simple moving average of C$16.35 and a 200 day simple moving average of C$15.59.

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 4,500 shares of the business’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$16.75, for a total value of C$75,375.00. Also, Senior Officer Lee Russell Curran sold 25,797 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of C$16.09, for a total transaction of C$415,078.89. Over the last 90 days, insiders have acquired 29,010 shares of company stock worth $463,552 and have sold 280,371 shares worth $4,640,525. 2.36% of the stock is owned by company insiders.

About Peyto Exploration & Development

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.