Brian Davis Acquires 1,800 Shares of Peyto Exploration & Development Corp (PEY) Stock

Peyto Exploration & Development Corp (TSE:PEY) Director Brian Davis acquired 1,800 shares of the stock in a transaction dated Tuesday, December 19th. The stock was bought at an average cost of C$14.42 per share, with a total value of C$25,956.00.

Shares of Peyto Exploration & Development Corp (PEY) traded up C$0.58 during midday trading on Thursday, hitting C$14.86. The stock had a trading volume of 1,286,784 shares, compared to its average volume of 784,281. Peyto Exploration & Development Corp has a 12-month low of C$13.75 and a 12-month high of C$34.10.

Several research firms have recently issued reports on PEY. Scotiabank lowered their price objective on Peyto Exploration & Development from C$33.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday, November 9th. BMO Capital Markets lowered Peyto Exploration & Development from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$30.00 to C$23.00 in a research note on Tuesday, October 10th. Royal Bank of Canada lowered their price objective on Peyto Exploration & Development from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. National Bank Financial lowered their price objective on Peyto Exploration & Development from C$29.00 to C$22.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. Finally, TD Securities raised their price objective on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$28.10.

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Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

Insider Buying and Selling by Quarter for Peyto Exploration & Development (TSE:PEY)

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