Peyto Exploration & Development (TSE:PEY) Shares Pass Above 200 Day Moving Average – Time to Sell?

Peyto Exploration & Development Corp. (TSE:PEY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$15.13 and traded as high as C$16.84. Peyto Exploration & Development shares last traded at C$16.68, with a volume of 956,288 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEY. TD Securities reduced their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Atlantic Securities lifted their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Monday, October 7th. BMO Capital Markets increased their price target on Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. Finally, National Bankshares raised their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$17.70.

Peyto Exploration & Development Stock Up 1.7 %

The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The company has a fifty day moving average of C$15.90 and a two-hundred day moving average of C$15.13. The company has a market cap of C$3.26 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.91%. Peyto Exploration & Development’s dividend payout ratio is presently 85.16%.

Insider Buying and Selling

In other news, Director Jean-Paul Henri Lachance sold 54,000 shares of Peyto Exploration & Development stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$16.00, for a total transaction of C$864,000.00. Also, Senior Officer Tavis Aaron Carlson sold 21,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$15.57, for a total transaction of C$326,900.70. In the last ninety days, insiders have bought 18,860 shares of company stock valued at $293,802 and have sold 184,361 shares valued at $3,008,123. 2.36% of the stock is currently owned by corporate insiders.

Peyto Exploration & Development Company Profile

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.