Peyto Exploration & Development (TSE:PEY) Stock Price Crosses Above 200 Day Moving Average of $7.80

Peyto Exploration & Development Corp. (TSE:PEY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.80 and traded as high as C$11.70. Peyto Exploration & Development shares last traded at C$11.45, with a volume of 330,421 shares changing hands.

PEY has been the topic of several recent research reports. BMO Capital Markets boosted their price objective on shares of Peyto Exploration & Development to C$8.00 in a research note on Thursday, August 12th. Scotiabank boosted their target price on shares of Peyto Exploration & Development from C$13.00 to C$17.00 in a research report on Thursday, October 14th. Canaccord Genuity restated a “buy” rating on shares of Peyto Exploration & Development in a research report on Thursday, September 16th. CIBC boosted their target price on shares of Peyto Exploration & Development from C$8.00 to C$11.00 and gave the stock a “na” rating in a research report on Friday, October 15th. Finally, Raymond James boosted their target price on shares of Peyto Exploration & Development from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Peyto Exploration & Development has an average rating of “Buy” and a consensus target price of C$9.05.

The company has a debt-to-equity ratio of 84.02, a quick ratio of 0.29 and a current ratio of 0.33. The firm’s 50-day moving average is C$9.83 and its 200 day moving average is C$7.80. The firm has a market capitalization of C$1.91 billion and a PE ratio of 13.09.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings data on Tuesday, November 9th. The company reported C$0.17 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.05. The business had revenue of C$218.87 million during the quarter. As a group, equities analysts anticipate that Peyto Exploration & Development Corp. will post 1.7584257 earnings per share for the current year.

In related news, Senior Officer Lee Russell Curran sold 25,542 shares of the business’s stock in a transaction dated Monday, September 13th. The shares were sold at an average price of C$8.07, for a total value of C$206,185.24. Following the completion of the transaction, the insider now owns 126,572 shares of the company’s stock, valued at approximately C$1,021,739.81. Also, Senior Officer David Alan Thomas sold 15,000 shares of the company’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of C$6.58, for a total transaction of C$98,730.00. Following the transaction, the insider now directly owns 284,872 shares of the company’s stock, valued at approximately C$1,875,027.50. Over the last quarter, insiders purchased 29,000 shares of company stock worth $247,303 and sold 116,758 shares worth $951,739.

About Peyto Exploration & Development (TSE:PEY)

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. As of December 31, 2020, it had a total proved plus probable reserves of 834 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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