Peyto Exploration & Development (TSE:PEY) Stock Passes Above 200-Day Moving Average of $13.57

Peyto Exploration & Development Corp. (TSE:PEY)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.57 and traded as high as C$15.23. Peyto Exploration & Development shares last traded at C$15.09, with a volume of 555,667 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on PEY. Canaccord Genuity Group lifted their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “buy” rating in a research report on Wednesday. ATB Capital set a C$15.00 price target on shares of Peyto Exploration & Development and gave the stock an “outperform” rating in a research report on Friday, February 16th. Scotiabank decreased their price target on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 16th. BMO Capital Markets lifted their price target on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a research report on Monday, March 11th. Finally, National Bankshares decreased their price objective on shares of Peyto Exploration & Development from C$17.50 to C$15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$16.14.

Peyto Exploration & Development Stock Up 1.8 %

The business’s 50 day simple moving average is C$14.40 and its 200-day simple moving average is C$13.59. The company has a market cap of C$2.89 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of -0.46 and a beta of 1.83. The company has a debt-to-equity ratio of 51.67, a quick ratio of 0.32 and a current ratio of 1.75.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 35,000 shares of Peyto Exploration & Development stock in a transaction on Friday, January 19th. The shares were sold at an average price of C$12.90, for a total transaction of C$451,500.00. In related news, Senior Officer Todd Burdick sold 24,000 shares of Peyto Exploration & Development stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$14.30, for a total value of C$343,200.00. Also, Director Jean-Paul Henri Lachance sold 35,000 shares of Peyto Exploration & Development stock in a transaction on Friday, January 19th. The shares were sold at an average price of C$12.90, for a total transaction of C$451,500.00. Insiders sold 164,700 shares of company stock valued at $2,298,340 in the last quarter. Company insiders own 2.51% of the company’s stock.

Peyto Exploration & Development Company Profile

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