Peyto Exploration & Development (TSE:PEY) Reaches New 1-Year High – Here’s Why

Shares of Peyto Exploration & Development Corp. (TSE:PEY) reached a new 52-week high during trading on Friday . The stock traded as high as C$21.20 and last traded at C$21.01, with a volume of 322625 shares changing hands. The stock had previously closed at C$20.99.

Wall Street Analysts Forecast Growth

Separately, CIBC upped their target price on Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday, October 15th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Peyto Exploration & Development has an average rating of “Hold” and a consensus price target of C$21.44.

Peyto Exploration & Development Stock Down 0.1%

The firm has a 50 day moving average price of C$19.14 and a two-hundred day moving average price of C$19.07. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. The firm has a market capitalization of C$4.21 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of -0.46 and a beta of -0.16.

Insider Activity at Peyto Exploration & Development

In related news, insider Crissy Rafoss purchased 5,500 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was purchased at an average price of C$18.51 per share, for a total transaction of C$101,805.00. Following the acquisition, the insider directly owned 5,500 shares in the company, valued at C$101,805. The trade was a ∞ increase in their ownership of the stock. Also, insider Riley Millar Frame sold 47,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of C$18.45, for a total transaction of C$867,239.30. Following the sale, the insider owned 127,527 shares in the company, valued at C$2,353,115.45. This represents a 26.93% decrease in their position. In the last three months, insiders purchased 14,450 shares of company stock worth $267,380. Corporate insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.