Peyto Exploration & Development (PEY) Upgraded at TD Securities

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TD Securities upgraded shares of Peyto Exploration & Development (TSE:PEY) from a hold rating to a buy rating in a research report released on Thursday morning, BayStreet.CA reports. They currently have C$9.50 target price on the stock, up from their prior target price of C$8.50.

A number of other research analysts also recently issued reports on the stock. Eight Capital decreased their target price on shares of Peyto Exploration & Development from C$10.50 to C$9.50 in a research report on Thursday, January 17th. Haywood Securities decreased their target price on shares of Peyto Exploration & Development from C$18.00 to C$11.00 in a research report on Thursday, January 17th. Canaccord Genuity decreased their target price on shares of Peyto Exploration & Development from C$16.00 to C$12.00 in a research report on Thursday, January 10th. CIBC decreased their target price on shares of Peyto Exploration & Development from C$12.00 to C$10.00 in a research report on Friday, January 18th. Finally, GMP Securities decreased their target price on shares of Peyto Exploration & Development from C$10.50 to C$8.75 in a research report on Friday, January 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of C$9.75.

Shares of PEY opened at C$6.73 on Thursday. The firm has a market cap of $1.11 billion and a PE ratio of 8.60. The company has a debt-to-equity ratio of 69.58, a quick ratio of 0.25 and a current ratio of 0.55. Peyto Exploration & Development has a 1-year low of C$6.44 and a 1-year high of C$12.69.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$0.13 earnings per share for the quarter. The company had revenue of C$145.11 million for the quarter. Sell-side analysts anticipate that Peyto Exploration & Development will post 0.430000021723627 EPS for the current fiscal year.

In other news, Senior Officer Kathy Turgeon acquired 10,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was acquired at an average price of C$6.44 per share, for a total transaction of C$64,400.00. Following the completion of the transaction, the insider now owns 100,610 shares in the company, valued at approximately C$647,928.40. Also, Senior Officer Jean-Paul Henri Lachance acquired 8,800 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average price of C$7.41 per share, with a total value of C$65,208.00. Following the transaction, the insider now owns 110,760 shares of the company’s stock, valued at approximately C$820,731.60.

Peyto Exploration & Development 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 Deep Basin, Alberta. As of December 31, 2018, it had a total proved plus probable reserves of 803 million barrels of oil equivalent.

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

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