Peyto Exploration & Development (TSE:PEY) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.15 and traded as high as C$20.80. Peyto Exploration & Development shares last traded at C$20.65, with a volume of 798,886 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PEY. BMO Capital Markets boosted their price objective on shares of Peyto Exploration & Development from C$19.50 to C$23.00 in a report on Thursday, May 22nd. TD Securities upped their target price on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. CIBC lifted their price target on Peyto Exploration & Development from C$17.50 to C$19.25 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada upped their price objective on Peyto Exploration & Development from C$18.00 to C$21.00 and gave the company a "sector perform" rating in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group cut shares of Peyto Exploration & Development from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Peyto Exploration & Development presently has an average rating of "Moderate Buy" and an average price target of C$20.92.

Peyto Exploration & Development Stock Down 0.8%

The firm has a market cap of C$4.07 billion, a price-to-earnings ratio of 13.83, a PEG ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. The firm 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

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.