Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.54 and traded as high as C$19.08. Peyto Exploration & Development shares last traded at C$18.97, with a volume of 767,856 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on PEY shares. 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. Raymond James Financial downgraded Peyto Exploration & Development from an "outperform" rating to a "market perform" rating and set a C$21.00 price target for the company. in a report on Thursday, May 22nd. CIBC increased their price objective on Peyto Exploration & Development from C$17.50 to C$19.25 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Desjardins upped 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. Finally, Royal Bank Of Canada raised their price objective on shares of Peyto Exploration & Development from C$18.00 to C$21.00 and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. Five investment 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$20.92.
Read Our Latest Analysis on Peyto Exploration & Development
Peyto Exploration & Development Stock Performance
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 stock has a market cap of C$3.77 billion, a price-to-earnings ratio of 12.79, a PEG ratio of -0.46 and a beta of 1.75. The stock's 50 day moving average is C$19.19 and its two-hundred day moving average is C$17.54.
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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