Peyto Exploration & Development (TSE:PEY) had its price target raised to $18.50 by analysts at National Bankshares

Peyto Exploration and Development (TSE:PEY – Get a Free Report) had its price objective raised by analysts at National Bankshares from $18.00 to $18.50 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 23.75% from the company’s previous close.

Other research analysts have also issued reports on the company. CIBC cut their price target on Peyto Exploration & Development from $17.50 to $17.00 in a research report on Monday, July 15th. TD Securities upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 21st. Finally, Scotiabank upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.86, according to MarketBeat.

Read the latest stock report on Peyto Exploration & Development

Peyto Exploration & Development Stock Up 2.0%

TSE:PEY traded up $0.30 during mid-day trading on Friday, hitting $14.95. The company’s stock had a trading volume of 728,219 shares, compared to its average volume of 874,779. The company has a quick ratio of 0.32, a current ratio of 1.15, and a debt-to-equity ratio of 50.02. Peyto Exploration & Development has a 1 year low of $11.09 and a 1 year high of $15.99. The stock has a fifty day moving average of $14.46 and a 200 day moving average of $14.82. The firm has a market cap of $2.92 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of -0.46 and a beta of 1.76.

Peyto Exploration & Development (TSE:PEY – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by C($0.01). The business had revenue of $256.55 million during the quarter, compared to analysts’ expectations of $257.10 million. Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%. equities research analysts forecast that Peyto Exploration & Development will post 2.5599315 earnings per share for the current year.

Insider trading at Peyto Exploration & Development

In other Peyto Exploration & Development news, COO Todd Burdick sold 57,810 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $14.41, for a total transaction of $832,845.55. In other Peyto Exploration & Development news, COO Todd Burdick sold 57,810 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $14.41, for a total transaction of $832,845.55. Also, Director Jean-Paul Henri Lachance acquired 10,000 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were purchased at an average price of $14.60 per share, with a total value of $146,000.00. Over the last ninety days, insiders bought 41,775 shares of company stock worth $608,667 and sold 267,641 shares worth $3,893,311. Insiders own 2.37% of the company’s shares.

About Peyto Exploration & Development

(Get a free report)

Peyto Exploration & Development Corp., an energy company, is engaged in the exploration, development and production of natural gas, oil and natural gas liquids in the Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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