Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.76 and traded as high as C$18.93. Peyto Exploration & Development shares last traded at C$18.81, with a volume of 642,863 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have issued reports on PEY. BMO Capital Markets lifted their price objective on Peyto Exploration & Development from C$19.50 to C$23.00 in a research note 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 objective for the company. in a research note on Thursday, May 22nd. ATB Capital lifted their price objective on Peyto Exploration & Development from C$19.00 to C$21.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. TD Securities lifted their price objective on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, CIBC lifted their price objective 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. Five 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$20.92.
Read Our Latest Analysis on PEY
Peyto Exploration & Development Stock Up 0.1%
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 company has a market cap of C$3.75 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a fifty day moving average of C$17.89 and a 200 day moving average of C$16.84.
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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