Peyto Exploration & Development (TSE:PEY) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Shares of Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.94 and traded as high as C$15.64. Peyto Exploration & Development shares last traded at C$15.25, with a volume of 1,157,493 shares changing hands.

Analysts Set New Price Targets

PEY has been the topic of several recent research reports. Atlantic Securities lifted their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an "outperform" rating in a research report on Monday, October 7th. TD Securities decreased their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Finally, National Bankshares increased their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$17.60.

Peyto Exploration & Development Stock Down 0.8 %

The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The firm has a market cap of C$2.96 billion, a P/E ratio of 9.77, a P/E/G ratio of -0.46 and a beta of 1.75. The business has a fifty day moving average of C$15.07 and a 200 day moving average of C$14.94.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.27 by C($0.01). The firm had revenue of C$256.55 million for the quarter, compared to analyst estimates of C$257.10 million. Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%.

Peyto Exploration & Development Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.11 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.72%. Peyto Exploration & Development's dividend payout ratio (DPR) is currently 85.16%.

Insider Activity at Peyto Exploration & Development

In related news, Director Michael Macbean sold 30,500 shares of the company's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$14.86, for a total value of C$453,138.50. In related news, Director Michael Macbean sold 30,500 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$14.86, for a total transaction of C$453,138.50. Also, Senior Officer Derick Nathan Czember sold 35,000 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$14.75, for a total transaction of C$516,250.00. In the last three months, insiders acquired 35,675 shares of company stock worth $522,419 and sold 219,240 shares worth $3,198,063. 2.36% of the stock is owned by 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.