Peyto Exploration & Development (PEY) Sets New 52-Week Low at $4.93

Shares of Peyto Exploration & Development Corp (TSE:PEY) reached a new 52-week low during trading on Wednesday . The company traded as low as C$4.93 and last traded at C$4.97, with a volume of 69862 shares traded. The stock had previously closed at C$5.04.

PEY has been the topic of a number of research reports. National Bank Financial set a C$10.50 price objective on Peyto Exploration & Development in a research note on Monday, April 8th. Raymond James reaffirmed a “market perform” rating and set a C$7.50 target price on shares of Peyto Exploration & Development in a research report on Tuesday, February 19th. TD Securities boosted their target price on Peyto Exploration & Development from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research report on Friday, March 8th. Finally, Eight Capital set a C$6.00 target price on Peyto Exploration & Development in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Peyto Exploration & Development presently has a consensus rating of “Hold” and an average price target of C$9.25.

The stock has a market capitalization of $830.97 million and a PE ratio of 7.60. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 72.53.

Peyto Exploration & Development (TSE:PEY) last announced its earnings results on Wednesday, March 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. The company had revenue of C$145.11 million for the quarter. On average, equities research analysts predict that Peyto Exploration & Development Corp will post 0.3 EPS for the current fiscal year.

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

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Peyto Exploration & Development Company Profile (TSE:PEY)

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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