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

Shares of Peyto Exploration & Development Corp. (TSE:PEY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$18.71 and traded as high as C$19.10. Peyto Exploration & Development shares last traded at C$19.03, with a volume of 441,205 shares traded.

Analyst Ratings Changes

Separately, CIBC upped their target price on Peyto Exploration & Development from C$19.25 to C$21.00 in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Hold” and an average price target of C$21.44.

Peyto Exploration & Development Stock Up 0.7%

The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. The stock has a market capitalization of C$3.82 billion, a PE ratio of 11.53, a PEG ratio of -0.46 and a beta of 0.00. The business has a 50 day moving average of C$18.74 and a two-hundred day moving average of C$18.71.

Insider Buying and Selling

In related news, insider Crissy Rafoss acquired 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average cost of C$18.51 per share, for a total transaction of C$101,805.00. Following the purchase, the insider directly owned 5,500 shares of the company’s stock, valued at C$101,805. This trade represents a ? increase in their position. Also, insider Riley Millar Frame sold 47,000 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of C$18.45, for a total value of C$867,239.30. Following the sale, the insider owned 127,527 shares of the company’s stock, valued at C$2,353,115.45. This trade represents a 26.93% decrease in their ownership of the stock. Insiders purchased 14,450 shares of company stock worth $267,380 in the last three months. 2.36% of the stock is owned by insiders.

About Peyto Exploration & Development

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.