Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$19.79 and last traded at C$19.63, with a volume of 1383204 shares changing hands. The stock had previously closed at C$19.21.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on PEY. BMO Capital Markets raised shares of Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from C$18.50 to C$19.50 in a research report on Monday, March 24th. Desjardins increased their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.00 and gave the stock a "hold" rating in a research report on Thursday, March 13th. TD Securities increased their price objective on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Raymond James set a C$22.00 price objective on shares of Peyto Exploration & Development and gave the stock an "outperform" rating in a research report on Tuesday, April 8th. Finally, CIBC increased their price objective on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Peyto Exploration & Development presently has an average rating of "Buy" and a consensus price target of C$19.22.
Read Our Latest Stock Analysis on Peyto Exploration & Development
Peyto Exploration & Development Stock Performance
The business has a fifty day simple moving average of C$17.33 and a two-hundred day simple moving average of C$16.56. The company has a market cap of C$3.90 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32.
About Peyto Exploration & Development
(
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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.
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