Peyto Exploration & Development (TSE:PEY) Share Price Passes Above 200-Day Moving Average - What's Next?

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s stock price 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.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. CIBC increased their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. TD Securities upped their price target on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a "buy" rating in a research report on Friday. Finally, BMO Capital Markets boosted their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$18.39.

Peyto Exploration & Development Stock Up 0.6 %

The company has a market cap of C$3.29 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The stock has a fifty day moving average price of C$16.35 and a two-hundred day moving average price of C$15.59. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32.

Insider Activity

In other news, Senior Officer Tavis Aaron Carlson sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$17.35, for a total value of C$433,750.00. Also, Senior Officer Derick Nathan Czember sold 11,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$16.40, for a total value of C$180,400.00. Over the last three months, insiders acquired 29,010 shares of company stock valued at $463,552 and sold 280,371 shares valued at $4,640,525. 2.36% of the stock is currently owned by corporate insiders.

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.