Shares of Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.43 and traded as high as C$17.50. Peyto Exploration & Development shares last traded at C$17.35, with a volume of 495,997 shares trading hands.
Analysts Set New Price Targets
Several analysts have issued reports on PEY shares. TD Securities boosted their target price on shares of Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a "buy" rating in a research note on Friday, February 21st. CIBC upped their price target on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. Desjardins raised their price objective on 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. Raymond James set a C$22.00 target price on Peyto Exploration & Development and gave the company an "outperform" rating in a report on Tuesday, April 8th. Finally, BMO Capital Markets upgraded shares of Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and raised their price target for the stock from C$18.50 to C$19.50 in a report on Monday, March 24th. One 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. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$19.22.
Read Our Latest Report on PEY
Peyto Exploration & Development Trading Down 0.5 %
The company has a market capitalization of C$3.44 billion, a P/E ratio of 11.70, a PEG ratio of -0.46 and a beta of 1.75. The business has a 50 day moving average price of C$16.94 and a 200 day moving average price of C$16.43. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96.
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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