Peyto Exploration & Development (TSE:PEY) Reaches New 52-Week High – Should You Buy?

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

Wall Street Analyst Weigh In

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

Peyto Exploration & Development Trading Down 0.1%

The company has a market cap of C$4.21 billion, a P/E ratio of 12.71, a P/E/G ratio of -0.46 and a beta of -0.16. The business has a fifty day simple moving average of C$19.14 and a 200 day simple moving average of C$19.07. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28.

Insiders Place Their Bets

In other Peyto Exploration & Development news, insider Crissy Rafoss purchased 5,500 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was acquired at an average cost of C$18.51 per share, with a total value of C$101,805.00. Following the acquisition, the insider owned 5,500 shares of the company’s stock, valued at approximately C$101,805. This represents a ∞ increase in their position. Also, insider Michael Richard Collens sold 26,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of C$18.80, for a total value of C$488,800.00. Following the transaction, the insider directly owned 25,000 shares of the company’s stock, valued at C$470,000. This trade represents a 50.98% decrease in their ownership of the stock. Insiders acquired a total of 14,450 shares of company stock valued at $267,380 over the last 90 days. 2.36% of the stock is owned by company insiders.

About Peyto Exploration & Development

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.