Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.23 and traded as high as C$17.66. Peyto Exploration & Development shares last traded at C$17.44, with a volume of 1,041,468 shares changing hands.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on PEY shares. BMO Capital Markets raised Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and raised their target price for the stock from C$18.50 to C$19.50 in a research note on Monday, March 24th. Desjardins upped their target price on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a "hold" rating in a report on Thursday, March 13th. Raymond James set a C$22.00 target price on Peyto Exploration & Development and gave the stock an "outperform" rating in a research report on Tuesday, April 8th. TD Securities raised their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, CIBC lifted their price target on Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$19.10.
View Our Latest Stock Report on PEY
Peyto Exploration & Development Stock Up 2.0 %
The firm has a market capitalization of C$3.56 billion, a P/E ratio of 12.10, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. The stock has a fifty day moving average price of C$16.72 and a two-hundred day moving average price of C$16.30.
Insider Buying and Selling at Peyto Exploration & Development
In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance bought 5,000 shares of Peyto Exploration & Development stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of C$15.85 per share, for a total transaction of C$79,250.00. Also, Senior Officer Lee Russell Curran sold 25,797 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of C$16.09, for a total value of C$415,078.89. Company insiders own 2.36% of the company's stock.
About Peyto Exploration & Development
(
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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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