Peyto Exploration & Development (TSE:PEY) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Peyto Exploration & Development Corp. (TSE:PEY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.44 and traded as high as C$16.09. Peyto Exploration & Development shares last traded at C$15.94, with a volume of 664,641 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PEY shares. BMO Capital Markets boosted their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. TD Securities lowered their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. CIBC raised their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. Finally, Atlantic Securities upped their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$17.85.

Peyto Exploration & Development Stock Down 0.6 %

The company’s fifty day simple moving average is C$16.56 and its 200 day simple moving average is C$15.44. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The firm has a market capitalization of C$3.12 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, November 12th. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%.

Insider Activity

In related news, Senior Officer Todd Burdick purchased 2,150 shares of Peyto Exploration & Development stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average cost of C$16.35 per share, for a total transaction of C$35,153.58. Also, Senior Officer Tavis Aaron Carlson sold 21,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$15.57, for a total transaction of C$326,900.70. In the last 90 days, insiders have acquired 24,010 shares of company stock worth $384,302 and have sold 352,562 shares worth $5,843,683. Company insiders own 2.36% 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.