Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$20.95 and last traded at C$20.90, with a volume of 53943 shares trading hands. The stock had previously closed at C$20.65.
Analysts Set New Price Targets
A number of equities analysts have issued reports on PEY shares. Desjardins boosted their price objective on shares of 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 boosted their price objective on Peyto Exploration & Development from C$19.00 to C$21.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. TD Securities increased their price target on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Royal Bank of Canada lifted their target price 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. Finally, BMO Capital Markets boosted their price target on shares of Peyto Exploration & Development from C$19.50 to C$23.00 in a research report on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. 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 Research Report on PEY
Peyto Exploration & Development Price Performance
The firm has a market capitalization of C$4.13 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. 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 stock's fifty day moving average price is C$18.43 and its two-hundred day moving average price is C$17.15.
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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