Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.33 and traded as high as C$17.97. Peyto Exploration & Development shares last traded at C$17.65, with a volume of 486,429 shares.
Wall Street Analysts Forecast Growth
PEY has been the subject of several recent analyst reports. BMO Capital Markets upgraded shares of Peyto Exploration & Development from a "market perform" rating to an "outperform" rating and raised their target price for the stock from C$18.50 to C$19.50 in a research note on Monday, March 24th. Desjardins lifted their price objective on Peyto Exploration & Development from C$16.50 to C$17.00 and gave the company a "hold" rating in a report on Thursday, March 13th. TD Securities raised their price target on Peyto Exploration & Development from C$19.00 to C$20.00 and gave the company a "buy" rating in a report on Friday, February 21st. Raymond James set a C$22.00 target price on shares of Peyto Exploration & Development and gave the stock an "outperform" rating in a research report on Tuesday, April 8th. Finally, CIBC raised their price objective on Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$19.22.
Read Our Latest Research Report on PEY
Peyto Exploration & Development Stock Up 1.8 %
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 company has a market cap of C$3.49 billion, a P/E ratio of 11.84, a P/E/G ratio of -0.46 and a beta of 1.75. The stock has a 50 day moving average price of C$16.89 and a 200 day moving average price of C$16.37.
Insider Buying and Selling
In related news, Director Jean-Paul Henri Lachance purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of C$15.85 per share, for a total transaction of C$79,250.00. 2.36% of the stock is currently owned by company insiders.
Peyto Exploration & Development Company Profile
(
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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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