Peyto Exploration & Development (TSE:PEY) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Peyto Exploration & Development Corp. (TSE:PEY) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$25.32 and traded as high as C$26.39. Peyto Exploration & Development shares last traded at C$26.13, with a volume of 832,316 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PEY. Scotiabank raised Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. National Bank Financial increased their price target on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$26.64.

Peyto Exploration & Development Stock Down 0.1%

The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. The stock’s 50-day simple moving average is C$24.95 and its 200-day simple moving average is C$25.32. The firm has a market capitalization of C$5.35 billion, a P/E ratio of 11.31, a P/E/G ratio of -0.46 and a beta of -0.50.

Peyto Exploration & Development (TSE:PEY) last posted its earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. The firm had revenue of C$426.40 million for the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%.

Insider Transactions at Peyto Exploration & Development

In other news, insider Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$26.32, for a total transaction of C$947,520.00. Following the sale, the insider directly owned 138,452 shares in the company, valued at C$3,644,056.64. The trade was a 20.64% decrease in their position. Also, insider Todd Burdick sold 27,633 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$25.82, for a total transaction of C$713,484.06. Following the completion of the transaction, the insider directly owned 230,500 shares in the company, valued at C$5,951,510. This trade represents a 10.70% decrease in their ownership of the stock. Over the last three months, insiders have sold 413,042 shares of company stock worth $10,392,741. Company insiders own 2.36% of the company’s stock.

About Peyto Exploration & Development

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.