Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.82 and traded as high as C$17.46. Peyto Exploration & Development shares last traded at C$17.33, with a volume of 716,523 shares changing hands.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. BMO Capital Markets upgraded Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and upped their price objective for the company from C$18.50 to C$19.50 in a research note on Monday. CIBC boosted their price objective on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. TD Securities boosted their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Desjardins lifted their target price on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a "hold" rating in a research report on Thursday, March 13th. One investment 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$18.78.
View Our Latest Stock Report on PEY
Peyto Exploration & Development Price Performance
The stock has a market cap of C$3.58 billion, a P/E ratio of 12.16, 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$16.18 and a 200 day simple moving average of C$15.86. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96.
Insider Activity at Peyto Exploration & Development
In other Peyto Exploration & Development news, Senior Officer Tavis Aaron Carlson purchased 2,000 shares of the firm's stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of C$17.17 per share, for a total transaction of C$34,340.00. Also, Director Jean-Paul Henri Lachance acquired 5,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of C$15.85 per share, for a total transaction of C$79,250.00. Over the last ninety days, insiders have purchased 14,150 shares of company stock worth $230,994 and have sold 203,509 shares worth $3,402,675. 2.36% of the stock is currently owned by company 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.
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