Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.93 and traded as high as C$19.08. Peyto Exploration & Development shares last traded at C$18.88, with a volume of 1,201,764 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on PEY shares. Desjardins boosted their target price on Peyto Exploration & Development from C$18.00 to C$18.50 and gave the stock a "hold" rating in a research report on Thursday, May 22nd. Raymond James cut 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 research note 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 stock an "outperform" rating in a report on Thursday, May 22nd. BMO Capital Markets raised their target price on shares of Peyto Exploration & Development from C$19.50 to C$23.00 in a report on Thursday, May 22nd. Finally, TD Securities lifted their target price on shares of Peyto Exploration & Development from C$20.00 to C$22.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.92.
Check Out Our Latest Analysis on PEY
Peyto Exploration & Development Stock Down 1.0%
The business has a fifty day moving average price of C$17.95 and a two-hundred day moving average price of C$16.95. 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 company has a market cap of C$3.81 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of -0.46 and a beta of 1.75.
About Peyto Exploration & Development
(
Get Free Report)
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.
Read More
Before you consider Peyto Exploration & Development, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Peyto Exploration & Development wasn't on the list.
While Peyto Exploration & Development currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
