Peyto Exploration & Development Corp. (TSE:PEY – Get Free Report)’s stock price crossed 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 trading hands.
Wall Street Analysts Forecast Growth
PEY has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price objective on Peyto Exploration & Development from C$16.00 to C$16.50 in a research note on Monday, March 11th. BMO Capital Markets boosted their price objective on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the company a “market perform” rating in a research note 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 research note on Friday, February 16th. National Bankshares decreased their price objective on Peyto Exploration & Development from C$17.50 to C$15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. Finally, Scotiabank reduced their target price on Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$16.11.
Check Out Our Latest Research Report on PEY
Peyto Exploration & Development Price Performance
Insider Activity at Peyto Exploration & Development
In related news, Director Jean-Paul Henri Lachance sold 35,000 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of C$12.90, for a total transaction of C$451,500.00. In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$14.50, for a total transaction of C$39,150.00. Also, Director Jean-Paul Henri Lachance sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of C$12.90, for a total value of C$451,500.00. Insiders sold 164,700 shares of company stock worth $2,298,340 in the last ninety days. 2.51% of the stock is owned by company 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.
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