Peyto Exploration & Development (TSE:PEY) Shares Pass Above 200-Day Moving Average of $13.36

Shares of Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.36 and traded as high as C$14.94. Peyto Exploration & Development shares last traded at C$14.91, with a volume of 937,614 shares.

Analyst Upgrades and Downgrades

PEY has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a "market perform" rating in a report on Monday, March 11th. ATB Capital set a C$15.00 price objective on Peyto Exploration & Development and gave the company an "outperform" rating in a report on Friday, February 16th. Scotiabank decreased their price objective on Peyto Exploration & Development from C$23.00 to C$20.00 and set an "outperform" rating for the company in a report on Tuesday, January 16th. Stifel Nicolaus boosted their price objective on Peyto Exploration & Development from C$16.00 to C$16.50 in a report on Monday, March 11th. Finally, National Bankshares decreased their price objective on Peyto Exploration & Development from C$17.50 to C$15.00 and set an "outperform" rating for the company in a report on Wednesday, January 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$16.11.

Peyto Exploration & Development Price Performance

The stock has a market cap of C$2.89 billion, a PE ratio of 9.22, a PEG ratio of -0.46 and a beta of 1.83. The company has a current ratio of 1.75, a quick ratio of 0.32 and a debt-to-equity ratio of 51.67. The business has a 50-day moving average price of C$13.77 and a 200 day moving average price of C$13.37.

Insider Activity at Peyto Exploration & Development

In other news, Senior Officer Todd Burdick sold 21,960 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of C$13.13, for a total value of C$288,334.80. In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance bought 16,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, January 23rd. The stock was acquired at an average price of C$12.85 per share, with a total value of C$205,600.00. Also, Senior Officer Todd Burdick sold 21,960 shares of Peyto Exploration & Development stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of C$13.13, for a total value of C$288,334.80. Insiders sold 186,660 shares of company stock worth $2,586,675 in the last ninety days. 2.51% of the stock is owned by company insiders.

About Peyto Exploration & Development

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, 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. in January 2011.