Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s share price passed 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.
Analyst Upgrades and Downgrades
PEY has been the topic of a number of analyst reports. BMO Capital Markets increased their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. CIBC increased their price target on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. Finally, Atlantic Securities lifted their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an "outperform" rating in a report on Monday, October 7th. One equities 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 company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$17.85.
Check Out Our Latest Stock Report on PEY
Peyto Exploration & Development Price Performance
The business has a fifty day moving average price of C$16.50 and a 200 day moving average price of C$15.47. The company has a market cap of C$3.07 billion, a price-to-earnings ratio of 10.12, a PEG ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15.
Peyto Exploration & Development (TSE:PEY - Get Free Report) last posted 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 return on equity of 11.86% and a net margin of 32.88%.
Insider Buying and Selling at Peyto Exploration & Development
In related news, Senior Officer Tavis Aaron Carlson sold 21,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$15.57, for a total value of C$326,900.70. Also, Senior Officer Lee Russell Curran sold 31,000 shares of the business's 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. Over the last quarter, insiders have purchased 29,010 shares of company stock worth $463,552 and have sold 385,371 shares worth $6,370,908. Company insiders own 2.36% of the company's stock.
About Peyto Exploration & Development
(
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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.
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