Peyto Exploration & Development (TSE:PEY) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Peyto Exploration & Development Corp. (TSE:PEY) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$24.52 and traded as high as C$25.34. Peyto Exploration & Development shares last traded at C$24.60, with a volume of 1,314,226 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Ventum Financial set a C$31.00 price target on shares of Peyto Exploration & Development and gave the stock a “buy” rating in a research note on Friday, October 23rd. National Bank Financial raised their target price on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$27.19.

Peyto Exploration & Development Price Performance

The firm’s 50-day moving average is C$24.52 and its two-hundred day moving average is C$25.28. The company has a market cap of C$5.06 billion, a P/E ratio of 10.29, a PEG ratio of -0.46 and a beta of -0.10. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings data on Monday, November 9th. The company reported C$0.50 EPS for the quarter. The business had revenue of C$400.75 million during the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%.

Peyto Exploration & Development Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, November 30th. Peyto Exploration & Development’s dividend payout ratio (DPR) is 56.07%.

Insider Activity

In other news, insider Crissy Rafoss sold 8,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of C$25.05, for a total value of C$200,400.00. Following the transaction, the insider directly owned 26,868 shares in the company, valued at approximately C$673,043.40. This represents a 22.94% decrease in their ownership of the stock. Also, Director Stephen Jonathan Chetner sold 2,229 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$25.18, for a total transaction of C$56,126.22. Following the completion of the transaction, the director owned 97,805 shares in the company, valued at approximately C$2,462,729.90. The trade was a 2.23% decrease in their ownership of the stock. In the last three months, insiders sold 90,229 shares of company stock valued at $2,275,786. Insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Company Profile

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.