Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.03 and traded as high as C$18.31. Peyto Exploration & Development shares last traded at C$18.23, with a volume of 733,936 shares traded.
Analysts Set New Price Targets
Several research analysts have weighed in on PEY shares. Desjardins upped their price target on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a "hold" rating in a research note on Thursday, March 13th. TD Securities increased their price objective on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a "buy" rating in a report on Friday, February 21st. CIBC lifted their target price on Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. Finally, BMO Capital Markets upgraded Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from C$18.50 to C$19.50 in a research report on Monday, March 24th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Peyto Exploration & Development currently has a consensus rating of "Buy" and an average target price of C$18.78.
View Our Latest Analysis on Peyto Exploration & Development
Peyto Exploration & Development Stock Down 6.3 %
The company has a market capitalization of C$3.30 billion, a P/E ratio of 11.22, a PEG ratio of -0.46 and a beta of 1.75. The company has a 50 day simple moving average of C$16.46 and a two-hundred day simple moving average of C$16.12. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96.
Insiders Place Their Bets
In related news, Senior Officer Tavis Aaron Carlson sold 25,000 shares of the stock in a transaction dated 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, Director Jean-Paul Henri Lachance bought 5,000 shares of the company's stock in a transaction on Friday, January 31st. The shares were acquired at an average price of C$15.85 per share, with a total value of C$79,250.00. Over the last three months, insiders bought 12,150 shares of company stock valued at $196,654 and sold 179,509 shares valued at $2,990,787. 2.36% of the stock is owned by insiders.
Peyto Exploration & Development Company Profile
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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.
Further Reading
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