Peyto Exploration & Development (TSE:PEY) Shares Cross Above Two Hundred Day Moving Average of $13.57

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.57 and traded as high as C$15.23. Peyto Exploration & Development shares last traded at C$15.09, with a volume of 555,667 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. National Bankshares decreased their price target on shares of Peyto Exploration & Development from C$17.50 to C$15.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 10th. Stifel Nicolaus raised their price objective on shares of Peyto Exploration & Development from C$16.00 to C$16.50 in a report on Monday, March 11th. BMO Capital Markets raised their price objective on shares of 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. Scotiabank cut their price target on shares of 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. Finally, ATB Capital set a C$15.00 price target on shares of Peyto Exploration & Development and gave the company an "outperform" rating in a report on Friday, February 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of "Moderate Buy" and an average target price of C$16.11.

Peyto Exploration & Development Price Performance

The company has a debt-to-equity ratio of 51.67, a current ratio of 1.75 and a quick ratio of 0.32. The company's 50-day simple moving average is C$14.32 and its 200-day simple moving average is C$13.57. The stock has a market capitalization of C$2.84 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of -0.46 and a beta of 1.83.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 21,000 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of C$13.00, for a total transaction of C$273,000.00. In related news, Senior Officer Derick Nathan Czember sold 21,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of C$13.00, for a total value of C$273,000.00. Also, Director Jean-Paul Henri Lachance sold 35,000 shares of the firm's stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of C$12.90, for a total transaction of C$451,500.00. Insiders have sold a total of 164,700 shares of company stock worth $2,298,340 over the last ninety days. Insiders own 2.51% of the company's stock.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, 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.