Peyto Exploration & Development (TSE:PEY) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Peyto Exploration & Development's shares surpassed their 200-day moving average during trading, reaching a high of C$18.81 before closing at C$18.67.
• Analysts have issued mixed ratings, with five giving a Buy rating and five a Hold, resulting in a consensus rating of "Moderate Buy" and a target price of C$20.92.
• The company has a market cap of C$3.71 billion and vital financial indicators, such as a P/E ratio of 12.59 and a debt-to-equity ratio of 49.96.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$18.06 and traded as high as C$18.81. Peyto Exploration & Development shares last traded at C$18.67, with a volume of 575,462 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Securities increased their target price 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. National Bankshares upped their price target on Peyto Exploration & Development from C$18.00 to C$24.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. BMO Capital Markets upped their price target on Peyto Exploration & Development from C$19.50 to C$23.00 in a report on Thursday, May 22nd. Raymond James Financial downgraded Peyto Exploration & Development from an "outperform" rating to a "market perform" rating and set a C$21.00 price target on the stock. in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group downgraded Peyto Exploration & Development from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$20.92.

Peyto Exploration & Development Trading Down 0.1%

The firm has a market cap of C$3.73 billion, a PE ratio of 12.65, a P/E/G 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 business has a fifty day moving average price of C$19.23 and a 200 day moving average price of C$18.16.

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.