Peyto Exploration & Development (TSE:PEY) Stock Passes Above 200-Day Moving Average – What’s Next?

Peyto Exploration & Development Corp. (TSE:PEY)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$15.82 and traded as high as C$17.46. Peyto Exploration & Development shares last traded at C$17.33, with a volume of 716,523 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PEY shares. BMO Capital Markets increased their price target on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. TD Securities raised their price objective on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. CIBC raised their price objective on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. Finally, Desjardins raised their target price on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a “hold” rating in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$18.67.

Peyto Exploration & Development Trading Up 0.5 %

The stock has a market cap of C$3.46 billion, a price-to-earnings ratio of 11.74, a PEG ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. The business has a 50-day moving average of C$16.18 and a 200-day moving average of C$15.84.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Senior Officer Lee Russell Curran sold 25,797 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of C$16.09, for a total value of C$415,078.89. Also, Director Jean-Paul Henri Lachance purchased 5,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of C$15.85 per share, for a total transaction of C$79,250.00. Over the last ninety days, insiders acquired 14,150 shares of company stock worth $230,994 and sold 203,509 shares worth $3,402,675. Corporate insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.