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

Peyto Exploration & Development Corp. (TSE:PEY)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.51 and traded as high as C$16.08. Peyto Exploration & Development shares last traded at C$15.99, with a volume of 575,129 shares traded.

Analysts Set New Price Targets

Several equities analysts recently commented on PEY shares. BMO Capital Markets raised their target price on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. CIBC lifted their price objective on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Buy” and an average price target of C$17.85.

Peyto Exploration & Development Price Performance

The company has a 50 day moving average price of C$16.38 and a 200 day moving average price of C$15.51. The company has a market capitalization of C$3.13 billion, a price-to-earnings ratio of 10.32, a PEG ratio of -0.46 and a beta of 1.75. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, November 12th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%.

Insider Activity

In related news, Senior Officer Tavis Aaron Carlson sold 21,000 shares of Peyto Exploration & Development stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$15.57, for a total transaction of C$326,900.70. Also, Director Jean-Paul Henri Lachance acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of C$15.85 per share, with a total value of C$79,250.00. In the last ninety days, insiders bought 29,010 shares of company stock valued at $463,552 and sold 385,371 shares valued at $6,370,908. Insiders own 2.36% of the company’s stock.

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.