Peyto Exploration & Development (TSE:PEY) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Peyto's share price crossed above its 200‑day moving average (200‑day MA C$21.84), trading as high as C$27.87 and last at C$26.92 on volume of 1,126,036 shares.
• Analyst sentiment has turned more positive—several firms (Scotiabank, RBC, CIBC, Desjardins) raised ratings or targets (some to C$27.00)—and MarketBeat shows a consensus rating of Moderate Buy with a C$23.90 consensus price target.
• An insider bought 11,500 shares in December (insiders own 2.36% total), while Peyto's fundamentals show a market cap of C$5.44 billion, a P/E of 14.63 and a debt‑to‑equity ratio of 44.84.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.84 and traded as high as C$27.87. Peyto Exploration & Development shares last traded at C$26.92, with a volume of 1,126,036 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PEY shares. Scotiabank upped their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a "sector perform" rating in a research note on Friday, February 20th. Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a "hold" rating to an "outperform" rating and boosted their target price for the stock from C$21.00 to C$25.00 in a report on Tuesday, January 13th. TD Securities downgraded Peyto Exploration & Development from a "buy" rating to a "hold" rating and set a C$25.00 price target on the stock. in a report on Friday, February 20th. Finally, Desjardins raised shares of Peyto Exploration & Development from a "hold" rating to a "buy" rating and lifted their price target for the company from C$23.50 to C$24.50 in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$23.90.

Peyto Exploration & Development Trading Down 2.5%

The company has a quick ratio of 0.32, a current ratio of 0.91 and a debt-to-equity ratio of 44.84. The company has a 50-day moving average price of C$24.60 and a 200-day moving average price of C$21.84. The company has a market capitalization of C$5.44 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of -0.46 and a beta of -0.20.

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, insider Riley Millar Frame purchased 11,500 shares of the company's stock in a transaction on Monday, December 15th. The shares were bought at an average cost of C$22.78 per share, with a total value of C$261,970.00. Following the transaction, the insider directly owned 128,877 shares in the company, valued at approximately C$2,935,818.06. This represents a 9.80% increase in their position. 2.36% of the stock is owned by company insiders.

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.

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