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

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.93 and traded as high as C$15.43. Peyto Exploration & Development shares last traded at C$15.40, with a volume of 733,630 shares trading hands.

Analysts Set New Price Targets

PEY has been the topic of several recent research reports. Atlantic Securities raised their price target on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an "outperform" rating in a research report on Monday, October 7th. TD Securities cut their target price on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. CIBC decreased their price target on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a report on Monday, July 15th. Finally, National Bankshares upped their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$17.60.

Peyto Exploration & Development Stock Performance

The stock has a fifty day simple moving average of C$14.93 and a 200-day simple moving average of C$14.94. The stock has a market cap of C$3.04 billion, a P/E ratio of 10.04, 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 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 the consensus estimate of C$257.10 million. Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%.

Peyto Exploration & Development Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.48%. Peyto Exploration & Development's dividend payout ratio (DPR) is presently 85.16%.

Insider Buying and Selling

In other news, Director Jean-Paul Henri Lachance sold 23,500 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$14.00, for a total transaction of C$329,000.00. In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 23,500 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$14.00, for a total transaction of C$329,000.00. Also, Senior Officer Todd Burdick sold 57,810 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$14.41, for a total value of C$832,845.55. Over the last 90 days, insiders sold 219,240 shares of company stock 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.