Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.65 and traded as high as C$19.37. Peyto Exploration & Development shares last traded at C$19.20, with a volume of 464,628 shares traded.
Wall Street Analysts Forecast Growth
PEY has been the subject of several research analyst reports. TD Securities increased their price objective on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Canaccord Genuity Group cut Peyto Exploration & Development from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Desjardins lifted their price target on Peyto Exploration & Development from C$18.00 to C$18.50 and gave the company a "hold" rating in a report on Thursday, May 22nd. National Bankshares lifted their price target on Peyto Exploration & Development from C$18.00 to C$24.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets lifted their price target on Peyto Exploration & Development from C$19.50 to C$23.00 in a report on Thursday, May 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Peyto Exploration & Development presently has an average rating of "Moderate Buy" and a consensus price target of C$20.92.
View Our Latest Stock Report on PEY
Peyto Exploration & Development Stock Up 1.1%
The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. The firm has a market capitalization of C$3.85 billion, a P/E ratio of 13.09, a P/E/G ratio of -0.46 and a beta of 1.75. The stock has a fifty day moving average price of C$19.37 and a two-hundred day moving average price of C$17.67.
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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