Peyto Exploration & Development (TSE:PEY) Stock Crosses Above 200 Day Moving Average of $13.36

Shares of Peyto Exploration & Development Corp. (TSE:PEY) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.36 and traded as high as C$14.94. Peyto Exploration & Development shares last traded at C$14.91, with a volume of 937,614 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PEY. ATB Capital set a C$15.00 price objective on Peyto Exploration & Development and gave the company an “outperform” rating in a research note on Friday, February 16th. Stifel Nicolaus lifted their target price on Peyto Exploration & Development from C$16.00 to C$16.50 in a research report on Monday, March 11th. Scotiabank decreased their target price on Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research report on Tuesday, January 16th. National Bankshares decreased their price objective on 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. Finally, BMO Capital Markets boosted their price objective 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 note on Monday, March 11th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and an average price target of C$16.11.

Peyto Exploration & Development Trading Up 0.1 %

The company has a market cap of C$2.89 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of -0.46 and a beta of 1.83. The business has a fifty day simple moving average of C$13.77 and a 200 day simple moving average of C$13.37. The company has a quick ratio of 0.32, a current ratio of 1.75 and a debt-to-equity ratio of 51.67.

Insider Buying and Selling

In related news, Director Jean-Paul Henri Lachance sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of C$12.90, for a total value of C$451,500.00. In related news, Director Jean-Paul Henri Lachance sold 35,000 shares of Peyto Exploration & Development stock in a transaction dated Friday, January 19th. The stock was sold at an average price of C$12.90, for a total transaction of C$451,500.00. Also, Senior Officer Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$14.54, for a total value of C$407,120.00. Over the last 90 days, insiders have sold 186,660 shares of company stock valued at $2,586,675. Corporate insiders own 2.51% of the company’s stock.

About Peyto Exploration & Development

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, 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. in January 2011.