Peyto Exploration & Development (TSE:PEY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

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$15.57 and traded as high as C$16.29. Peyto Exploration & Development shares last traded at C$16.23, with a volume of 645,898 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. CIBC boosted their target price on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Peyto Exploration & Development currently has a consensus rating of “Buy” and a consensus target price of C$18.17.

Peyto Exploration & Development Stock Performance

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’s fifty day moving average is C$16.35 and its two-hundred day moving average is C$15.57. The firm has a market cap of C$3.22 billion, a price-to-earnings ratio of 10.94, a PEG ratio of -0.46 and a beta of 1.75.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 4,500 shares of the firm’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$16.75, for a total value of C$75,375.00. Also, Senior Officer Lee Russell Curran sold 31,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$17.04, for a total transaction of C$528,314.40. In the last quarter, insiders have acquired 29,010 shares of company stock valued at $463,552 and have sold 341,371 shares valued at $5,677,387. 2.36% of the stock is owned by company 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.