Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$20.95 and last traded at C$20.90, with a volume of 53943 shares traded. The stock had previously closed at C$20.65.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on PEY. Desjardins raised their target price on Peyto Exploration & Development from C$18.00 to C$18.50 and gave the company a "hold" rating in a research report on Thursday, May 22nd. ATB Capital raised their target price on Peyto Exploration & Development from C$19.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on Peyto Exploration & Development from C$18.00 to C$21.00 and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. CIBC boosted their price target on shares of Peyto Exploration & Development from C$17.50 to C$19.25 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Finally, BMO Capital Markets boosted their target price on shares of Peyto Exploration & Development from C$19.50 to C$23.00 in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Peyto Exploration & Development presently has an average rating of "Moderate Buy" and an average price target of C$20.92.
View Our Latest Analysis on Peyto Exploration & Development
Peyto Exploration & Development Stock Down 0.8%
The company has a market cap of C$4.07 billion, a P/E ratio of 13.83, 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. The company has a 50 day moving average of C$18.69 and a 200-day moving average of C$17.23.
Peyto Exploration & Development Company Profile
(
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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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