Peyto Exploration & Development (TSE:PEY) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Shares of 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$15.51 and traded as high as C$16.08. Peyto Exploration & Development shares last traded at C$15.99, with a volume of 575,129 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on PEY shares. BMO Capital Markets boosted their price target on Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday, January 14th. CIBC boosted their price target on Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Peyto Exploration & Development has an average rating of "Buy" and an average price target of C$17.85.

Peyto Exploration & Development Trading Down 0.9 %

The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32. The company has a market cap of C$3.15 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The business has a 50 day simple moving average of C$16.36 and a 200 day simple moving average of C$15.54.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported C$0.26 earnings per share for the quarter, missing analysts' consensus estimates of C$0.27 by C($0.01). Peyto Exploration & Development had a return on equity of 10.72% and a net margin of 32.08%.

Insider Transactions at Peyto Exploration & Development

In related news, Director Jean-Paul Henri Lachance acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of C$15.85 per share, for a total transaction of C$79,250.00. Also, Senior Officer Derick Nathan Czember sold 62,000 shares of the company's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of C$16.18, for a total value of C$1,002,936.80. Over the last 90 days, insiders bought 29,010 shares of company stock worth $463,552 and sold 385,371 shares worth $6,370,908. 2.36% of the stock is currently owned by corporate insiders.

About Peyto Exploration & Development

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.